FY2027 Small Area FMR · Forest Ranch, CA

ZIP 95942 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 95942 (Forest Ranch, CA) is $1,540 a month, down 3.8% from FY2026. That is 2% above the Chico, CA area-wide FMR of $1,509.

2-bedroom SAFMR$1,540per month ▼ 3.8%

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

Rank in the area6thof 24 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,386

2 BR Small Area FMR$1,540

110% of SAFMR$1,694

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

Studio$1,090▼ 4.4%

1 BR$1,220▼ 2.4%

2 BR$1,540▼ 3.8%

3 BR$2,140▼ 4.0%

4 BR$2,580▼ 4.1%

FY2027 FY2026

Where 95942 sits in the Chico, CA area

Of the 24 ZIP codes HUD lists for the area, 95942 has the 6th 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 $1,540 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	$1,090	$981 – $1,199	$1,064	$1,140
1 bedroom	$1,220	$1,098 – $1,342	$1,190	$1,250
2 bedrooms	$1,540	$1,386 – $1,694	$1,509	$1,600
3 bedrooms	$2,140	$1,926 – $2,354	$2,090	$2,230
4 bedrooms	$2,580	$2,322 – $2,838	$2,522	$2,690

A household renting a two-bedroom home at the Small Area FMR of $1,540 needs about $61,600 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 95942 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
95954	Magalia	9.4 mi	$1,500
95978	Stirling City	10.1 mi	$1,500
95973	Chico	17.0 mi	$1,700
95969	Paradise	21.3 mi	$1,470
95915	Belden	21.6 mi	$1,420
96061	Mill Creek	22.5 mi	$1,360

Questions

What is the Fair Market Rent for ZIP code 95942?

HUD's FY2027 Small Area Fair Market Rents for 95942 are $1,090 (studio), $1,220 (1 BR), $1,540 (2 BR), $2,140 (3 BR) and $2,580 (4 BR) a month.

What is the Section 8 payment standard in 95942?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 95942 that range is $1,386 to $1,694 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 95942?

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.