FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR
0.85ratio
FMR$2,050
Market$2,400
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR
0.85ratio
FMR$2,520
Market$2,970
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR
0.87ratio
FMR$3,310
Market$3,800
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR
0.91ratio
FMR$3,810
Market$4,180
vs market-$370
FMR is near market; voucher and private rents are aligned.
0.91
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 95604 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95604 (Auburn, CA) is $2,520 a month. That is unchanged from FY 2026. Auburn is in the Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 30 ZIP codes in Placer County, 95604 is tied for the 11th-highest two-bedroom rent (county range $1,590–$3,300). The median county two-bedroom FMR in California is $1,725, so ZIP 95604 is 46% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 95604
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,950
$1,990
+2.1%
$1,791–$2,189
1BR
$2,050
$2,050
0.0%
$1,845–$2,255
2BR
$2,520
$2,520
0.0%
$2,268–$2,772
3BR
$3,350
$3,310
−1.2%
$2,979–$3,641
4BR
$3,870
$3,810
−1.6%
$3,429–$4,191
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 95604
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,990
$2,050
$2,520
$3,310
$3,810
FY 2026
$1,950
$2,050
$2,520
$3,350
$3,870
FY 2025
$1,750
$1,850
$2,300
$3,120
$3,600
FY 2024
$1,650
$1,780
$2,220
$3,090
$3,550
FY 2023
$1,540
$1,690
$2,110
$3,010
$3,500
Two-bedroom rent in nearby Placer County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 95604?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,520, that basic range is $2,268 to $2,772 a month. 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 95604 in?
ZIP 95604 is in the Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 95604 for FY 2027?
The two-bedroom FMR was unchanged at $2,520 in FY 2027. Since FY 2023 it has risen 19.4%.
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