FY2027 Small Area FMR · Los Banos, CA

ZIP 93635 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 93635 (Los Banos, CA) is $1,760 a month, unchanged from FY2026. That is 16% above the Merced, CA area-wide FMR of $1,517.

2-bedroom SAFMR$1,760per month ■ 0.0%

Area-wide 2 BR FMR$1,517Merced, CA

Rank in the area2ndof 27 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,584

2 BR Small Area FMR$1,760

110% of SAFMR$1,936

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,390▲ 6.1%

1 BR$1,460▲ 2.8%

2 BR$1,760■ 0.0%

3 BR$2,420■ 0.0%

4 BR$2,870▼ 2.0%

FY2027 FY2026

Where 93635 sits in the Merced, CA area

Of the 27 ZIP codes HUD lists for the area, 93635 has the 2nd highest two-bedroom Small Area FMR. Merced, CA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,517 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,760 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,390	$1,251 – $1,529	$1,200	$1,310
1 bedroom	$1,460	$1,314 – $1,606	$1,262	$1,420
2 bedrooms	$1,760	$1,584 – $1,936	$1,517	$1,760
3 bedrooms	$2,420	$2,178 – $2,662	$2,087	$2,420
4 bedrooms	$2,870	$2,583 – $3,157	$2,477	$2,930

A household renting a two-bedroom home at the Small Area FMR of $1,760 needs about $70,400 a year to keep housing costs at 30% of income. The area median family income is $75,800 and the 80% low-income limit for four people is $77,700. ZIP code 93635 lies mainly in Merced County. See the Merced, CA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
95322	Gustine	12.1 mi	$1,590
93620	Dos Palos	12.5 mi	$1,500
93665	South Dos Palos	13.1 mi	$1,470
95374	Stevinson	17.2 mi	$1,360
95317	El Nido	19.0 mi	$1,360
95334	Livingston	20.1 mi	$1,670

Questions

What is the Fair Market Rent for ZIP code 93635?

HUD's FY2027 Small Area Fair Market Rents for 93635 are $1,390 (studio), $1,460 (1 BR), $1,760 (2 BR), $2,420 (3 BR) and $2,870 (4 BR) a month.

What is the Section 8 payment standard in 93635?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 93635 that range is $1,584 to $1,936 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 93635?

The FY2026 income limits of the Merced, CA area apply: median family income $75,800, low-income (80%) limit $77,700 for a family of four.