ZIP Code · CA

ZIP 95928

Part of Chico, CA

Pop. 37,409·Butte County·880th most expensive ZIP in California

Median rent (all units)

$1,520/mo

Year-over-Year

+2.9%

Month-over-Month

+0.2%

vs US Median

-$412

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 95928 · $1,520

More affordable than 72% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,220

1 BR

$1,340

2 BR

$1,710

3 BR

$2,380

4 BR+

$2,870

Research median

$1,710/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

August. Asking rents in ZIP 95928 usually run 0.5% below trend in August and 0.4% above it in February, about $14 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 95928 is 0.1% below its high of $1,521 in July 2026, at $1,520 as of September 2026.

Past year vs. the rest of California

Rent in ZIP 95928 changed +2.9% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 95928 rose 22% while median household income rose 22.7% ($52,913 to $64,949). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 95928 is 26.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($64,949) is $1,624 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,340); a 2-bedroom is $1,710.

Rank in Chico

2nd cheapest of 3 ZIP codes in Chico.

From Zillow's monthly rent index (ZORI) for ZIP 95928. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,240/yr

At $1,520/mo median

Location

CityChico

StateCA

CountyButte County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.9% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 95928 (Chico, CA) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 42.3% of residents hold a bachelor's degree or higher.

Population

37,409

Median income

$64,949

Median age

33.5

Renters

57.6%

Age distribution

15.5%

36.8%

21.7%

16.3%

Under 1815.5%

18–3436.8%

35–5421.7%

55–649.8%

65+16.3%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

73.8%

19.2%

White73.8%

Black1.2%

Hispanic19.2%

Asian4.3%

Other1.5%

Education (25+)

15.4%

32.8%

42.3%

No HS diploma9.5%

HS diploma15.4%

Some college32.8%

Bachelor's+42.3%

Housing tenure

42.4%

57.6%

Owner42.4%

Renter57.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 95928 in Chico, CA has changed in 5 years

Rent

$1,248 → $1,520

up 21.8%

Income

$60,750 → $64,949

up 6.9%

Population

38,594 → 37,409

down 3.1%

Renter share

54.3% → 57.6%

+3.3 pts

Bachelor's+

40.8% → 42.3%

+1.5 pts

Rent in ZIP 95928 in Chico, CA has climbed 21.8% since 2021, going from about $1,248 per month to roughly $1,520 today. Local incomes tracked alongside that move, going from a median of $60,750 in 2021 to $64,949 more recently. Rent outpaced income growth by roughly 14.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 38,594 to 37,409 between 2021 and 2024, a 3.1% change. About 57.6% of households rent today, against 54.3% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 95928 in Chico, CA market of 2021.

Community

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About renting in ZIP 95928

Last updated: October 17, 2026

ZIP code 95928 covers Chico, CA. The median rent here is $1,520/mo as of October 2026. A 1-bedroom rents for a median of $1,340/mo. A 2-bedroom rents for a median of $1,710/mo.

At 28% of local median household income ($64,949/yr), ZIP 95928 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 95928?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (about $29/hour full-time) to afford the median rent of $1,520/mo in ZIP 95928. The local median household income is $64,949/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 95928?

Rent in ZIP 95928 has risen 2.9% over the past year as of September 2026. It sits 0.1% below its high of $1,521 in July 2026.

When is the cheapest time to rent in ZIP 95928?

Asking rents in ZIP 95928 are usually lowest in August, about 0.5% below their yearly trend, and highest in February, about 0.4% above it. At today's median that is a gap of roughly $14 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 95928?

No. From 2019 to 2024, rent in ZIP 95928 rose 22% while median household income rose 22.7%, from $52,913 to $64,949. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 95928 compare to other ZIPs in California?

ZIP 95928 is one of the more affordable among California ZIP codes for rent, ranking #880 of 898 at $1,520/mo. Over the year to September 2026, rent in ZIP 95928 changed +2.9%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.