FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR- 95328
0.79ratio
FMR$1,230
Market$1,550
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.79
2 BR
2 BR- 95328
0.91ratio
FMR$1,610
Market$1,770
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 95328
0.92ratio
FMR$2,200
Market$2,400
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 95328
0.93ratio
FMR$2,550
Market$2,730
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.93
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
--
Keyes, CA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Keyes, CA is $1,610 a month. That is up 6.6% from $1,510 in FY 2026. Keyes is in the Modesto, 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 $1,803. The median county two-bedroom FMR in California is $1,725, so Keyes is 7% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Keyes, CA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,080
$1,140
+5.6%
$1,026–$1,254
1BR
$1,160
$1,230
+6.0%
$1,107–$1,353
2BR
$1,510
$1,610
+6.6%
$1,449–$1,771
3BR
$2,100
$2,200
+4.8%
$1,980–$2,420
4BR
$2,420
$2,550
+5.4%
$2,295–$2,805
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Keyes, CA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,140
$1,230
$1,610
$2,200
$2,550
FY 2026
$1,080
$1,160
$1,510
$2,100
$2,420
FY 2025
$1,030
$1,070
$1,380
$1,940
$2,290
FY 2024
$1,000
$1,030
$1,330
$1,870
$2,210
FY 2023
$940
$970
$1,240
$1,750
$2,050
Questions about Keyes, CA rents
How much will Section 8 pay for a two-bedroom in Keyes, CA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,803, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,623 to $1,983 a month; under the ZIP-level Small Area FMR of $1,610 it would be $1,449 to $1,771. 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 Keyes, CA in?
Keyes, CA is in the Modesto, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,803.
How much did fair market rent change in Keyes, CA for FY 2027?
The two-bedroom FMR rose 6.6%, from $1,510 in FY 2026 to $1,610 in FY 2027. Since FY 2023 it has risen 29.8%.
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