FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR
0.87ratio
FMR$1,380
Market$1,580
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR
1.02ratio
FMR$1,800
Market$1,760
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR
1.06ratio
FMR$2,410
Market$2,280
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR
1.07ratio
FMR$2,820
Market$2,630
vs market+$190
FMR is near market; voucher and private rents are aligned.
1.07
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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ZIP 95353 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95353 (Modesto, CA) is $1,800 a month. That is up 2.3% from $1,760 in FY 2026. Modesto 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. Among 28 ZIP codes in Stanislaus County, 95353 is tied for the 10th-highest two-bedroom rent (county range $1,570–$2,380). The median county two-bedroom FMR in California is $1,725, so ZIP 95353 is 4% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 95353
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,260
$1,270
+0.8%
$1,143–$1,397
1BR
$1,360
$1,380
+1.5%
$1,242–$1,518
2BR
$1,760
$1,800
+2.3%
$1,620–$1,980
3BR
$2,440
$2,410
−1.2%
$2,169–$2,651
4BR
$2,830
$2,820
−0.4%
$2,538–$3,102
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 95353
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,270
$1,380
$1,800
$2,410
$2,820
FY 2026
$1,260
$1,360
$1,760
$2,440
$2,830
FY 2025
$1,130
$1,210
$1,570
$2,200
$2,560
FY 2024
$1,140
$1,190
$1,530
$2,160
$2,540
FY 2023
$1,040
$1,080
$1,370
$1,940
$2,270
Two-bedroom rent in nearby Stanislaus County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 95353?
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 $1,800 it would be $1,620 to $1,980. 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 ZIP 95353 in?
ZIP 95353 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 ZIP 95353 for FY 2027?
The two-bedroom FMR rose 2.3%, from $1,760 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 31.4%.
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