Location: Inyo County, CA | Metro: Inyo County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 92389, located in Inyo County, CA metro, reveals several key points regarding the financial viability of voucher tenants in this area. The HUD Fair Market Rent (FMR) for ZIP 92389 is set at $1,510 for fiscal year 2026. However, due to the lack of available market rent data, it's challenging to directly compare the HUD FMR against local rental rates. Despite this limitation, we can infer that voucher tenants in this region will likely cashflow at the FMR rate, given the typically lower cost of living in rural areas compared to urban centers.
The median home value in ZIP 92389 is also not available, which makes deriving an accurate rent-to-price ratio difficult. Nonetheless, the absence of specific local rent data suggests that the rental market may be less competitive, allowing landlords to potentially maintain higher occupancy rates with fewer vacancies. This scenario could be beneficial for investors seeking stable cash flows rather than high appreciation rates.
Investors should note that the day median DOM (Days on Market) and the percentage of homes that experience price cuts are not available. These metrics are crucial for understanding the balance between renting and buying in a given market. Without them, it's advisable to focus on the existing data points, such as the HUD FMR, to make informed decisions.
In summary, while the specific market rent and median home values are not provided, the strong cash flow potential at the HUD FMR rate of $1,510 makes ZIP 92389 a viable investment opportunity for Section 8 landlords and small-portfolio investors. The strongest angle for investors in this ZIP code is the stability offered by a consistent cash flow, particularly in a region where market fluctuations are less pronounced.
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.