FY2027 Small Area FMR · Feather Falls, CA

ZIP 95940 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 95940 (Feather Falls, CA) is $1,510 a month, down 7.4% from FY2026. That is 0% equal to the Chico, CA area-wide FMR of $1,509.

2-bedroom SAFMR$1,510per month ▼ 7.4%

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

Rank in the area7thof 24 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,359

2 BR Small Area FMR$1,510

110% of SAFMR$1,661

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

Studio$1,060▼ 8.6%

1 BR$1,190▼ 6.3%

2 BR$1,510▼ 7.4%

3 BR$2,090▼ 7.9%

4 BR$2,520▼ 7.7%

FY2027 FY2026

Where 95940 sits in the Chico, CA area

Of the 24 ZIP codes HUD lists for the area, 95940 has the 7th 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 $1,510 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	$1,060	$954 – $1,166	$1,064	$1,160
1 bedroom	$1,190	$1,071 – $1,309	$1,190	$1,270
2 bedrooms	$1,510	$1,359 – $1,661	$1,509	$1,630
3 bedrooms	$2,090	$1,881 – $2,299	$2,090	$2,270
4 bedrooms	$2,520	$2,268 – $2,772	$2,522	$2,730

A household renting a two-bedroom home at the Small Area FMR of $1,510 needs about $60,400 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 95940 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
95916	Berry Creek	5.4 mi	$1,470
95930	Clipper Mills	7.1 mi	$1,510
95941	Forbestown	7.3 mi	$1,510
95925	Challenge	10.3 mi	$1,510
95914	Bangor	12.4 mi	$1,470
95966	Oroville	12.8 mi	$1,470

Questions

What is the Fair Market Rent for ZIP code 95940?

HUD's FY2027 Small Area Fair Market Rents for 95940 are $1,060 (studio), $1,190 (1 BR), $1,510 (2 BR), $2,090 (3 BR) and $2,520 (4 BR) a month.

What is the Section 8 payment standard in 95940?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 95940 that range is $1,359 to $1,661 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 95940?

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.