FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR
0.90ratio
FMR$1,240
Market$1,380
vs market-$140
FMR is below market; voucher rent may lag private rents.
0.90
2 BR
2 BR
1.10ratio
FMR$1,620
Market$1,470
vs market+$150
FMR is above market; underwrite to market rent.
1.10
3 BR
3 BR
1.11ratio
FMR$2,240
Market$2,010
vs market+$230
FMR is above market; underwrite to market rent.
1.11
4 BR
4 BR
1.34ratio
FMR$2,710
Market$2,020
vs market+$690
FMR is above market; underwrite to market rent.
1.34
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
--
ZIP 95424 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95424 (Clearlake Park, CA) is $1,620 a month. That is up 4.5% from $1,550 in FY 2026. Clearlake Park is in the Lake County, CA non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,616. Among 15 ZIP codes in Lake County, 95424 is tied for the 6th-highest two-bedroom rent (county range $1,400–$2,990). The median county two-bedroom FMR in California is $1,725, so ZIP 95424 is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 95424
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,240
+6.0%
$1,116–$1,364
1BR
$1,180
$1,240
+5.1%
$1,116–$1,364
2BR
$1,550
$1,620
+4.5%
$1,458–$1,782
3BR
$2,160
$2,240
+3.7%
$2,016–$2,464
4BR
$2,600
$2,710
+4.2%
$2,439–$2,981
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 95424
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,240
$1,240
$1,620
$2,240
$2,710
FY 2026
$1,170
$1,180
$1,550
$2,160
$2,600
FY 2025
$1,050
$1,060
$1,390
$1,950
$2,330
FY 2024area FMR
$928
$964
$1,267
$1,785
$2,150
FY 2023area FMR
$747
$849
$1,117
$1,587
$1,872
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 95424?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,616, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,454 to $1,778 a month; under the ZIP-level Small Area FMR of $1,620 it would be $1,458 to $1,782. 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 95424 in?
ZIP 95424 is in the Lake County, CA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,616.
How much did fair market rent change in ZIP 95424 for FY 2027?
The two-bedroom FMR rose 4.5%, from $1,550 in FY 2026 to $1,620 in FY 2027. Since FY 2025 it has risen 16.5%.
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