FY2027 Small Area FMR · Merced, CA

ZIP 95348 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 95348 (Merced, CA) is $1,860 a month, up 1.1% from FY2026. That is 23% above the Merced, CA area-wide FMR of $1,517.

2-bedroom SAFMR$1,860per month ▲ 1.1%

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

Rank in the area1stof 27 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,674

2 BR Small Area FMR$1,860

110% of SAFMR$2,046

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

Studio$1,470▲ 7.3%

1 BR$1,550▲ 4.7%

2 BR$1,860▲ 1.1%

3 BR$2,560▲ 1.2%

4 BR$3,040▼ 0.7%

FY2027 FY2026

Where 95348 sits in the Merced, CA area

Of the 27 ZIP codes HUD lists for the area, 95348 has the 1st 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 $1,860 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	$1,470	$1,323 – $1,617	$1,200	$1,370
1 bedroom	$1,550	$1,395 – $1,705	$1,262	$1,480
2 bedrooms	$1,860	$1,674 – $2,046	$1,517	$1,840
3 bedrooms	$2,560	$2,304 – $2,816	$2,087	$2,530
4 bedrooms	$3,040	$2,736 – $3,344	$2,477	$3,060

A household renting a two-bedroom home at the Small Area FMR of $1,860 needs about $74,400 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 95348 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
95388	Winton	5.1 mi	$1,360
95340	Merced	5.2 mi	$1,420
95312	Cressey	8.7 mi	$1,360
95301	Atwater	9.9 mi	$1,420
95369	Snelling	10.2 mi	$1,360
95303	Ballico	10.9 mi	$1,360

Questions

What is the Fair Market Rent for ZIP code 95348?

HUD's FY2027 Small Area Fair Market Rents for 95348 are $1,470 (studio), $1,550 (1 BR), $1,860 (2 BR), $2,560 (3 BR) and $3,040 (4 BR) a month.

What is the Section 8 payment standard in 95348?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 95348 that range is $1,674 to $2,046 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 95348?

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.