FY2027 Small Area FMR · Penn Valley, CA

ZIP 95946 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 95946 (Penn Valley, CA) is $2,400 a month, up 3.4% from FY2026. That is 27% above the Nevada County, CA area-wide FMR of $1,885.

2-bedroom SAFMR$2,400per month ▲ 3.4%

Area-wide 2 BR FMR$1,885Nevada County, CA

Rank in the area3rdof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,160

2 BR Small Area FMR$2,400

110% of SAFMR$2,640

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

Studio$1,670▼ 5.1%

1 BR$1,830▲ 3.4%

2 BR$2,400▲ 3.4%

3 BR$3,320▲ 2.8%

4 BR$4,010▲ 3.1%

FY2027 FY2026

Where 95946 sits in the Nevada County, CA area

Of the 17 ZIP codes HUD lists for the area, 95946 has the 3rd highest two-bedroom Small Area FMR. Nevada County, 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 $1,885 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,400 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	$1,670	$1,503 – $1,837	$1,313	$1,760
1 bedroom	$1,830	$1,647 – $2,013	$1,441	$1,770
2 bedrooms	$2,400	$2,160 – $2,640	$1,885	$2,320
3 bedrooms	$3,320	$2,988 – $3,652	$2,610	$3,230
4 bedrooms	$4,010	$3,609 – $4,411	$3,151	$3,890

A household renting a two-bedroom home at the Small Area FMR of $2,400 needs about $96,000 a year to keep housing costs at 30% of income. The area median family income is $140,400 and the 80% low-income limit for four people is $100,100. ZIP code 95946 lies mainly in Nevada County. See the Nevada County, CA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
95975	Rough And Ready	2.8 mi	$1,640
95977	Smartsville	5.4 mi	$2,040
95949	Grass Valley	8.8 mi	$2,080
95918	Browns Valley	9.3 mi	$1,510
95962	Oregon House	9.5 mi	$1,510
95935	Dobbins	11.3 mi	$1,510

Questions

What is the Fair Market Rent for ZIP code 95946?

HUD's FY2027 Small Area Fair Market Rents for 95946 are $1,670 (studio), $1,830 (1 BR), $2,400 (2 BR), $3,320 (3 BR) and $4,010 (4 BR) a month.

What is the Section 8 payment standard in 95946?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 95946 that range is $2,160 to $2,640 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 95946?

The FY2026 income limits of the Nevada County, CA area apply: median family income $140,400, low-income (80%) limit $100,100 for a family of four.