Location: San Luis Obispo-Paso Robles, CA | Metro: San Luis Obispo-Paso Robles, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,890 |
| 1 Bedroom | $2,080 |
| 2 Bedrooms | $2,720 |
| 3 Bedrooms | $3,630 |
| 4 Bedrooms | $4,210 |
| 5 Bedrooms | $4,884 |
| 6 Bedrooms | $5,470 |
| 7 Bedrooms | $5,908 |
| 8 Bedrooms | $6,203 |
The ZIP code 93435 in San Luis Obispo-Paso Robles County stands out due to the lack of comprehensive data on its residents, rental percentages, median income, and median home values. This scarcity of information can be attributed to various factors, including the size of the population or the nature of the housing market in this area.
Moving onto the voucher economics, the Fair Market Rent (FMR) for ZIP 93435 is set at $2270 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors who participate in the Section 8 program. However, the comparison between this FMR and the local market rent is currently unavailable, making it difficult to assess the immediate financial impact on property owners. The absence of market rent data suggests that landlords should closely monitor local trends to ensure their properties remain competitive and profitable.
Given the limited data available, it's challenging to definitively label the economic conditions of ZIP 93435 as either stable or transitional. To make an informed decision, further research into local economic indicators, such as employment rates, housing demand, and tenant demographics, would be necessary. Landlords and investors should also consider reaching out to local real estate associations or conducting their own surveys to gather more detailed insights about the ZIP code's real estate landscape.
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.