FY2027 Small Area FMR · Chico, CA

ZIP 95928 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 95928 (Chico, CA) is $1,570 a month, down 8.2% from FY2026. That is 4% above the Chico, CA area-wide FMR of $1,509.

2-bedroom SAFMR$1,570per month ▼ 8.2%

Area-wide 2 BR FMR$1,509Chico, CA

Rank in the area3rdof 24 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,413

2 BR Small Area FMR$1,570

110% of SAFMR$1,727

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

Studio$1,110▼ 9.0%

1 BR$1,240▼ 7.5%

2 BR$1,570▼ 8.2%

3 BR$2,170▼ 8.8%

4 BR$2,620▼ 8.7%

FY2027 FY2026

Where 95928 sits in the Chico, CA area

Of the 24 ZIP codes HUD lists for the area, 95928 has the 3rd highest two-bedroom Small Area FMR. Chico, 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 $1,509 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,570 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	$1,110	$999 – $1,221	$1,064	$1,220
1 bedroom	$1,240	$1,116 – $1,364	$1,190	$1,340
2 bedrooms	$1,570	$1,413 – $1,727	$1,509	$1,710
3 bedrooms	$2,170	$1,953 – $2,387	$2,090	$2,380
4 bedrooms	$2,620	$2,358 – $2,882	$2,522	$2,870

A household renting a two-bedroom home at the Small Area FMR of $1,570 needs about $62,800 a year to keep housing costs at 30% of income. The area median family income is $89,400 and the 80% low-income limit for four people is $77,700. ZIP code 95928 lies mainly in Butte County. See the Chico, CA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
95929	Chico	2.9 mi	$1,510
95926	Chico	4.0 mi	$1,550
95938	Durham	6.2 mi	$1,470
95951	Hamilton City	9.0 mi	$1,230
95958	Nelson	10.2 mi	$1,510
95969	Paradise	10.6 mi	$1,470

Questions

What is the Fair Market Rent for ZIP code 95928?

HUD's FY2027 Small Area Fair Market Rents for 95928 are $1,110 (studio), $1,240 (1 BR), $1,570 (2 BR), $2,170 (3 BR) and $2,620 (4 BR) a month.

What is the Section 8 payment standard in 95928?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 95928 that range is $1,413 to $1,727 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 95928?

The FY2026 income limits of the Chico, CA area apply: median family income $89,400, low-income (80%) limit $77,700 for a family of four.