FY2027 Fair Market Rent · California
Monterey County Fair Market Rent & Income Limits
HUD's FY2027 Fair Market Rent for a two-bedroom home in Monterey County, CA is $2,416 a month, down 10.0% from FY2026. The area median family income is $110,500, and a family of four counts as low income up to $125,100 a year.
Fair Market Rent by unit size
FY2027 FY2026
Fair Market Rents are gross rents: rent plus the cost of all utilities except phone, cable and internet.
Check your household
Enter your household size and total yearly income before taxes to see which HUD income category it falls in for Monterey County, CA.
Low income (80% limit)
A household of 4 earning $123,100 is under the 80% limit of $125,100 for this area. At 30% of income it could pay about $3,078 a month for rent and utilities.
This is a quick comparison with HUD's published limits, not an eligibility decision. Programs count income in their own ways and many have waiting lists; the local housing agency or property decides.
Income limits in Monterey County
HUD's FY2026 income limits for Salinas, CA are based on a median family income of $110,500. Programs such as Housing Choice Vouchers, public housing and HOME use the 30%, 50% and 80% columns; Low-Income Housing Tax Credit properties use the 50% and 60% Multifamily Tax Subsidy Project limits.
| People | Extremely low30% / poverty | Very low50% | 60% (LIHTC)MTSP | Low income80% |
|---|---|---|---|---|
| 1 | $32,850 | $54,750 | $65,700 | $87,600 |
| 2 | $37,550 | $62,600 | $75,120 | $100,100 |
| 3 | $42,250 | $70,400 | $84,480 | $112,600 |
| 4 | $46,900 | $78,200 | $93,840 | $125,100 |
| 5 | $50,700 | $84,500 | $101,400 | $135,150 |
| 6 | $54,450 | $90,750 | $108,900 | $145,150 |
| 7 | $58,200 | $97,000 | $116,400 | $155,150 |
| 8 | $61,950 | $103,250 | $123,900 | $165,150 |
Rent history
Since FY2017 the two-bedroom FMR here has gone from $1,417 to $2,416, up 70.5% over ten years. HUD has published a two-bedroom FMR for this area since FY1983, when it was $425.
What it takes to afford the rent
To keep a two-bedroom rent of $2,416 at no more than 30% of income, the usual affordability rule, a household needs about $96,600 a year. That is 87% of the area median family income of $110,500, so the rent is within reach of a median family but not of a low-income one.
| Unit | FY2027 | FY2026 | FY2025 | Income to affordat 30% |
|---|---|---|---|---|
| Studio | $1,956 | $2,173 | $2,414 | $78,200 |
| 1 bedroom | $2,009 | $2,232 | $2,479 | $80,400 |
| 2 bedrooms | $2,416 | $2,684 | $2,982 | $96,600 |
| 3 bedrooms | $3,261 | $3,623 | $4,025 | $130,400 |
| 4 bedrooms | $3,551 | $3,945 | $4,383 | $142,000 |
How Monterey County compares
Monterey County makes up the Salinas, CA metro area on its own, so HUD's metro figures and the county figures are the same.
Monterey County has the 17th highest two-bedroom Fair Market Rent of the 58 counties in California; the population-weighted average across California is $2,632 and the nationwide average is $1,751.
Small Area FMRs by ZIP code
HUD also publishes Small Area Fair Market Rents for each ZIP code. In Monterey County the two-bedroom figure ranges from $2,430 to $3,420 across 36 ZIP codes, against the area-wide $2,416. This area is not on HUD's list of mandatory Small Area FMR areas, so most agencies here use the area-wide FMR; an agency may still opt in to ZIP-level rents.
| ZIP | Place | 2 BR SAFMR | 110% payment std. |
|---|---|---|---|
| 93921 | Carmel By The Sea | $3,420 | $3,762 |
| 93950 | Pacific Grove | $3,210 | $3,531 |
| 93908 | Salinas | $3,160 | $3,476 |
| 93953 | Pebble Beach | $3,160 | $3,476 |
| 93962 | Spreckels | $3,160 | $3,476 |
| 95004 | Aromas | $3,140 | $3,454 |
| 93944 | Monterey | $3,000 | $3,300 |
| 93940 | Monterey | $2,890 | $3,179 |
| 93943 | Monterey | $2,790 | $3,069 |
| 93923 | Carmel | $2,740 | $3,014 |
| 93924 | Carmel Valley | $2,680 | $2,948 |
| 93925 | Chualar | $2,620 | $2,882 |
| 93930 | King City | $2,620 | $2,882 |
| 93451 | San Miguel | $2,590 | $2,849 |
| 93955 | Seaside | $2,550 | $2,805 |
| 93907 | Salinas | $2,540 | $2,794 |
| 93906 | Salinas | $2,510 | $2,761 |
| 93426 | Bradley | $2,430 | $2,673 |
| 93450 | San Ardo | $2,430 | $2,673 |
| 93901 | Salinas | $2,430 | $2,673 |
| 93902 | Salinas | $2,430 | $2,673 |
| 93905 | Salinas | $2,430 | $2,673 |
| 93912 | Salinas | $2,430 | $2,673 |
| 93915 | Salinas | $2,430 | $2,673 |
| 93920 | Big Sur | $2,430 | $2,673 |
| 93922 | Carmel | $2,430 | $2,673 |
| 93926 | Gonzales | $2,430 | $2,673 |
| 93927 | Greenfield | $2,430 | $2,673 |
| 93928 | Jolon | $2,430 | $2,673 |
| 93932 | Lockwood | $2,430 | $2,673 |
| 93933 | Marina | $2,430 | $2,673 |
| 93942 | Monterey | $2,430 | $2,673 |
| 93954 | San Lucas | $2,430 | $2,673 |
| 93960 | Soledad | $2,430 | $2,673 |
| 95012 | Castroville | $2,430 | $2,673 |
| 95039 | Moss Landing | $2,430 | $2,673 |
Questions
What is the Fair Market Rent in Monterey County, CA for 2027?
For FY2027 (October 1, 2026 to September 30, 2027) HUD's Fair Market Rents in Monterey County, CA are $1,956 for a studio, $2,009 for one bedroom, $2,416 for two bedrooms, $3,261 for three and $3,551 for four bedrooms, per month including utilities.
What is the area median income in Monterey County, CA?
HUD's FY2026 median family income for the area is $110,500, up 5.7% from $104,500 in FY2025.
What is 80% of AMI in Monterey County, CA for a family of 4?
The FY2026 low-income limit (80%) for a household of four is $125,100 a year. The very low-income limit (50%) is $78,200 and the extremely low-income limit is $46,900.
What is the 60% AMI limit for tax credit housing in Monterey County, CA?
Under HUD's FY2026 Multifamily Tax Subsidy Project limits, the 60% limit is $65,700 for one person and $93,840 for four.
Is the Fair Market Rent the same as the Section 8 payment standard?
No. Housing agencies set their payment standard between 90% and 110% of the FMR (for a two-bedroom here: $2,174 to $2,658), and can ask HUD for exceptions. Check the payment standard with your local housing agency.