Location: San Luis Obispo-Paso Robles, CA | Metro: San Luis Obispo-Paso Robles, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,960 |
| 1 Bedroom | $2,160 |
| 2 Bedrooms | $2,820 |
| 3 Bedrooms | $3,770 |
| 4 Bedrooms | $4,360 |
| 5 Bedrooms | $5,058 |
| 6 Bedrooms | $5,665 |
| 7 Bedrooms | $6,118 |
| 8 Bedrooms | $6,424 |
U.S. Census Bureau data (2024)
ZIP code 93410 is located within the San Luis Obispo-Paso Robles, CA Metropolitan Statistical Area (MSA). Its Fair Market Rent (FMR) for zip FY 2024 is set at $2510, which is a critical figure for landlords and investors considering the Section 8 program. Given that the market rent and home values for this ZIP code are not available, we must rely on the FMR and the 100.0% renter share to make informed inferences about its position within the broader MSA.
The FMR of $2510 provides a baseline for rental pricing in this area. This figure is typically lower than the actual market rent in most ZIP codes, indicating that ZIP 93410 might be considered a value pocket within the MSA. Value pockets are areas where rental properties can be found at a lower cost compared to the surrounding region, making them attractive for low-income tenants who rely on Section 8 vouchers.
A 100.0% renter share is exceptionally high and suggests that virtually all households in ZIP 93410 are renters. This characteristic alone could imply a strong demand for rental housing, especially among those who may qualify for Section 8 assistance. The absence of market rent and home value data means we cannot directly compare these metrics to the typical ZIP codes within the San Luis Obispo-Paso Robles MSA. However, the combination of a fully rented population and an FMR that is likely below the average market rent could signal a prime location for Section 8 properties.
To further contextualize ZIP 93410's status within the MSA, it would be beneficial to compare its FMR against the average market rents of other ZIP codes in the area. If the FMR is significantly lower than the average market rent, it supports the notion that 93410 is indeed a value pocket, advantageous for Section 8 tenants and landlords alike. The high renter share, coupled with an FMR that is presumably below the market rate, aligns with the characteristics often seen in desirable Section 8 neighborhoods.
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.