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Butte County/Chico/95928

95928

ZIPSAFMR
Butte County, CA
Zillow

ZIP Investment Score

52Below average

095130300
BRFMR
Eff. Rent
0 BR$1,110$1,120
1 BR$1,240$1,290
2 BR$1,570$1,540
3 BR$2,170$1,960
4 BR$2,620$2,630
5 BR$3,013Not available
6 BR$3,465Not available
7 BR$3,985Not available
8 BR$4,582Not available

Purchase Price Calculator

Maximum purchase price
$166,927

Cost breakdown

+Likely effective rent$1,540
HUD FMR$1,570
Market rentUsed$1,540
Est. payment standard (99%)$1,550
-Principal and interest-$844
Loan amount$133,542
Down payment$33,385
Rate6.50%
Term30 years
-Operating costs-$496
Property taxes-$167
Insurance-$175
Utilities$0
HOA$0
Management-$154
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,820(74.3% ROI)
Projected value
$179,762
Return breakdown
Property appreciation+$12,835
Loan principal paid down+$4,784
Rental cash flow+$7,200
5-year hold
+$42,468(127.2% ROI)
Projected value
$188,862
Return breakdown
Property appreciation+$21,936
Loan principal paid down+$8,532
Rental cash flow+$12,000
10-year hold
+$91,084(272.8% ROI)
Projected value
$213,681
Return breakdown
Property appreciation+$46,754
Loan principal paid down+$20,330
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
0.94
2 BR
1.02
3 BR
1.11
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 95928 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95928 (Chico, CA) is $1,570 a month. That is down 8.2% from $1,710 in FY 2026. Chico is in the Chico, 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 $1,509. Among 23 ZIP codes in Butte County, 95928 has the 3rd-highest two-bedroom rent (county range $1,470–$1,700). The median county two-bedroom FMR in California is $1,725, so ZIP 95928 is 9% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95928
BedroomsFY 2027Change90–110% range
Studio$1,110−9.0%$999–$1,221
1BR$1,240−7.5%$1,116–$1,364
2BR$1,570−8.2%$1,413–$1,727
3BR$2,170−8.8%$1,953–$2,387
4BR$2,620−8.7%$2,358–$2,882

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95928
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,240$1,570$2,170$2,620
FY 2026$1,220$1,340$1,710$2,380$2,870
FY 2025$1,080$1,140$1,480$2,070$2,490
FY 2024$1,090$1,130$1,480$2,090$2,510
FY 2023$970$1,020$1,340$1,900$2,280

Two-bedroom rent in nearby Butte County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95928
95914$1,470−6.4%
95916$1,470−6.4%
95917$1,600+1.9%
95926$1,550−1.3%
95927$1,510−3.8%
95928Current$1,570—
95929$1,510−3.8%
95930$1,510−3.8%
95938$1,470−6.4%
95940$1,510−3.8%
95941$1,510−3.8%
95942$1,540−1.9%

Questions about ZIP 95928 rents

How much will Section 8 pay for a two-bedroom in ZIP 95928?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,509, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,358 to $1,660 a month; under the ZIP-level Small Area FMR of $1,570 it would be $1,413 to $1,727. 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 95928 in?

ZIP 95928 is in the Chico, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,509.

How much did fair market rent change in ZIP 95928 for FY 2027?

The two-bedroom FMR fell 8.2%, from $1,710 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 17.2%.

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

County fair market rentChico, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources