Section 8 Fair Market Rent (FMR) for ZIP 89153 - 2027

FY 2027 Fair Market Rent Rates

$1640 is the Fair Market Rent (FMR) for ZIP 89153 as of fiscal year 2024. Despite the lack of specific market rent data, the FMR indicates the rental cost for a two-bedroom unit should be set at this level to remain competitive and viable under Section 8 guidelines. The absence of median home value data suggests significant variability in property values within the ZIP, making individual property assessments crucial.

N/A-day DOM (Days on Market) implies there's no available data on how long properties typically stay listed before selling, which could indicate a robust market where listings move quickly. Similarly, the N/A% price-cut share means there's no recorded data on how often sellers reduce their asking prices, possibly indicating a seller's market where initial prices are closer to final sale prices.

The lack of precise income and housing share data for ZIP 89153 makes it challenging to assess the broader economic context but highlights the importance of understanding local demographics directly through census data or community surveys. Investors should focus on properties that align closely with the $1640 FMR to ensure they are within the acceptable range for Section 8 tenants.

Verdict: ZIP 89153 presents opportunities for landlords and small-portfolio investors willing to adhere to the $1640 FMR for two-bedroom units, though additional research into local economic conditions is recommended.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.