FMR is below market; voucher rent may lag private rents.
0.81
1 BR
1 BR- 93221
0.91ratio
FMR$1,150
Market$1,270
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 93221
0.88ratio
FMR$1,500
Market$1,700
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 93221
1.06ratio
FMR$2,060
Market$1,950
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR- 93221
1.14ratio
FMR$2,420
Market$2,120
vs market+$300
FMR is above market; underwrite to market rent.
1.14
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Exeter, CA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Exeter, CA is $1,500 a month. That is down 3.2% from $1,550 in FY 2026. Exeter is in the Visalia, CA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,450. The median county two-bedroom FMR in California is $1,725, so Exeter is 13% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Exeter, CA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,140
−2.6%
$1,026–$1,254
1BR
$1,180
$1,150
−2.5%
$1,035–$1,265
2BR
$1,550
$1,500
−3.2%
$1,350–$1,650
3BR
$2,130
$2,060
−3.3%
$1,854–$2,266
4BR
$2,520
$2,420
−4.0%
$2,178–$2,662
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Exeter, CA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,140
$1,150
$1,500
$2,060
$2,420
FY 2026
$1,170
$1,180
$1,550
$2,130
$2,520
FY 2025
$1,140
$1,150
$1,510
$2,080
$2,400
FY 2024
$990
$1,000
$1,310
$1,820
$2,080
FY 2023
$820
$840
$1,110
$1,540
$1,780
Questions about Exeter, CA rents
How much will Section 8 pay for a two-bedroom in Exeter, CA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,450, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,305 to $1,595 a month; under the ZIP-level Small Area FMR of $1,500 it would be $1,350 to $1,650. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Exeter, CA in?
Exeter, CA is in the Visalia, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,450.
How much did fair market rent change in Exeter, CA for FY 2027?
The two-bedroom FMR fell 3.2%, from $1,550 in FY 2026 to $1,500 in FY 2027. Since FY 2023 it has risen 35.1%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set