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 92384 stands out due to its unique characteristics that differentiate it from other areas. With only 18 residents, this ZIP is among the least populated in the country. A striking feature is that 100.0% of these residents are renters, indicating a highly rental-focused community. However, the lack of data on median income and median home value suggests that this area might be too small or underrepresented in standard datasets to provide meaningful averages.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metro area including ZIP 92384 is set at $1,290 for fiscal year 2026. This figure represents the maximum amount that landlords can charge tenants participating in the Section 8 program. Given the absence of market rent data for this specific ZIP, it's challenging to compare the FMR against local rental rates. However, landlords should consider this FMR as a guideline for setting competitive rents that align with government assistance levels.
Based on the available data, the ZIP code 92384 appears to have a stable housing market, primarily driven by rental activity. The high percentage of renters and the defined FMR suggest a consistent demand for affordable housing. Landlords and small-portfolio investors should focus on maintaining properties that meet the standards for Section 8 eligibility, ensuring they are well-positioned to attract tenants who benefit from this assistance. While the population is small, the reliance on rentals indicates a steady stream of potential tenants looking for affordable housing solutions. Therefore, investing in properties that cater to this demographic can be a sound strategy, especially if the landlord aims to participate in the Section 8 program.
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.