FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR
0.91ratio
FMR$1,190
Market$1,310
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR
0.92ratio
FMR$1,510
Market$1,650
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR
0.92ratio
FMR$2,090
Market$2,270
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR
0.90ratio
FMR$2,520
Market$2,800
vs market-$280
FMR is near market; voucher and private rents are aligned.
0.90
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 95929 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95929 (Chico, CA) is $1,510 a month. That is down 7.4% from $1,630 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, 95929 is tied for the 6th-highest two-bedroom rent (county range $1,470–$1,700). The median county two-bedroom FMR in California is $1,725, so ZIP 95929 is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 95929
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,160
$1,060
−8.6%
$954–$1,166
1BR
$1,270
$1,190
−6.3%
$1,071–$1,309
2BR
$1,630
$1,510
−7.4%
$1,359–$1,661
3BR
$2,270
$2,090
−7.9%
$1,881–$2,299
4BR
$2,730
$2,520
−7.7%
$2,268–$2,772
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 95929
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,060
$1,190
$1,510
$2,090
$2,520
FY 2026
$1,160
$1,270
$1,630
$2,270
$2,730
FY 2025area FMR
$1,069
$1,126
$1,466
$2,054
$2,462
FY 2024area FMR
$1,049
$1,091
$1,428
$2,012
$2,423
FY 2023area FMR
$893
$941
$1,239
$1,761
$2,110
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 95929?
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 $1,510 it would be $1,359 to $1,661. 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 95929 in?
ZIP 95929 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 95929 for FY 2027?
The two-bedroom FMR fell 7.4%, from $1,630 in FY 2026 to $1,510 in FY 2027.
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