FMR History — Lake County, CA

Historical Fair Market Rents from FY2017 to FY2026. Current FMR page →

The 2-bedroom FMR in Lake County, CA has changed from $915 in FY2017 to $1,549 in FY2026 — a +69.3% change over 9 years.

Fiscal Year Studio 1BR 2BR YoY 2BR 2BR in FY2026 $ 3BR 4BR
FY2026 (Latest) $1,173 $1,181 $1,549 +11.4% $1,549 $2,154 $2,599
FY2025 $1,053 $1,060 $1,390 +9.7% $1,427 $1,948 $2,334
FY2024 $928 $964 $1,267 +13.4% $1,337 $1,785 $2,150
FY2023 $747 $849 $1,117 +9.4% $1,213 $1,587 $1,872
FY2022 $678 $776 $1,021 -4.8% $1,155 $1,450 $1,544
FY2021 $707 $813 $1,072 +5.5% $1,309 $1,534 $1,603
FY2020 $662 $773 $1,016 +5.8% $1,299 $1,466 $1,567
FY2019 $617 $735 $960 +5% $1,243 $1,388 $1,517
FY2018 $583 $705 $914 -0.1% $1,205 $1,330 $1,474
FY2017 $608 $702 $915 $1,236 $1,332 $1,388

Related Pages

Understanding FMR Trends

Fair Market Rents are published each fall for the upcoming fiscal year (October through September). HUD adjusts FMRs annually based on local rental market surveys, American Community Survey (ACS) data, and Consumer Price Index (CPI) adjustments. Periods of rapid rent growth — such as the 2021–2023 period of post-pandemic inflation — are reflected in sharp FMR increases, while periods of market cooling may produce flat or modestly rising FMRs.

Historical data is useful for housing advocates, economists, and policymakers analyzing long-term trends in housing affordability. A rising FMR generally indicates a tightening rental market; a FMR that grows slower than household incomes suggests improving affordability, while one that outpaces income growth signals worsening cost burden.