Location: Inyo County, CA | Metro: Inyo County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
U.S. Census Bureau data (2024)
The ZIP code 92328 stands out due to its unique characteristics among similar areas. With only 725 residents, it is relatively small, but 86.4% of those residents are renters, indicating a strong demand for rental properties. The median income in this area is $94,375, which suggests that tenants have a higher earning potential compared to the national average. However, the lack of a reported median home value indicates that there might be limited homeownership opportunities or data availability issues.
Moving into the specifics of Section 8 housing vouchers, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,380. This is notably higher than the current market rent of $1,001, as per the Census American Community Survey (ACS). Landlords who participate in the Section 8 program can expect a guaranteed income closer to the FMR, which is significantly above the typical market rate. This creates an attractive opportunity for those willing to navigate the administrative processes associated with the voucher program.
The data signature for ZIP 92328 reads as stable. Despite the small population size, the high percentage of renters and the substantial difference between FMR and market rent suggest a consistent demand for affordable housing options. The participation in the Section 8 program could provide a steady stream of income for landlords, especially considering the higher-than-market rates offered by the vouchers. For small-portfolio investors, this ZIP code presents a reliable investment opportunity, particularly if they are interested in serving the needs of low-income renters while receiving a guaranteed rental payment.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.