FMR is near market; voucher and private rents are aligned.
0.98
1 BR
1 BR- 93635
0.99ratio
FMR$1,460
Market$1,480
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 93635
0.95ratio
FMR$1,760
Market$1,850
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 93635
1.05ratio
FMR$2,420
Market$2,310
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR- 93635
1.15ratio
FMR$2,870
Market$2,500
vs market+$370
FMR is above market; underwrite to market rent.
1.15
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
--
Los Banos, CA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Los Banos, CA is $1,760 a month. That is unchanged from FY 2026. Los Banos is in the Merced, 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 $1,517. The median county two-bedroom FMR in California is $1,725, so Los Banos is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Los Banos, CA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,310
$1,390
+6.1%
$1,251–$1,529
1BR
$1,420
$1,460
+2.8%
$1,314–$1,606
2BR
$1,760
$1,760
0.0%
$1,584–$1,936
3BR
$2,420
$2,420
0.0%
$2,178–$2,662
4BR
$2,930
$2,870
−2.0%
$2,583–$3,157
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Los Banos, CA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,390
$1,460
$1,760
$2,420
$2,870
FY 2026
$1,310
$1,420
$1,760
$2,420
$2,930
FY 2025
$1,250
$1,430
$1,760
$2,430
$2,960
FY 2024
$1,180
$1,370
$1,680
$2,360
$2,850
FY 2023
$1,020
$1,210
$1,480
$2,100
$2,520
Questions about Los Banos, CA rents
How much will Section 8 pay for a two-bedroom in Los Banos, CA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,517, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,365 to $1,669 a month; under the ZIP-level Small Area FMR of $1,760 it would be $1,584 to $1,936. 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 Los Banos, CA in?
Los Banos, CA is in the Merced, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,517.
How much did fair market rent change in Los Banos, CA for FY 2027?
The two-bedroom FMR was unchanged at $1,760 in FY 2027. Since FY 2023 it has risen 18.9%.
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