Location: Mono County, CA | Metro: Mono County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,180 |
| 1 Bedroom | $1,530 |
| 2 Bedrooms | $1,690 |
| 3 Bedrooms | $2,280 |
| 4 Bedrooms | $2,820 |
| 5 Bedrooms | $3,271 |
| 6 Bedrooms | $3,664 |
| 7 Bedrooms | $3,957 |
| 8 Bedrooms | $4,155 |
U.S. Census Bureau data (2024)
The analysis of ZIP 93512 within the Mono County, CA metro area reveals critical insights for landlords and small-portfolio investors considering investment opportunities here.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the area, set at $1,650 for fiscal year 2026, serves as a benchmark. However, the absence of current market rent data (N/A) makes it challenging to directly compare these figures. This lack of information could indicate a less competitive rental market or simply that data collection is sparse. In either case, landlords should aim to align their rents closely with the FMR to ensure compliance and competitiveness.
Moving on to the affordability of acquisition, the median home value and typical days on market (DOM), along with the percentage of homes that experience price cuts, are key indicators. Unfortunately, these metrics are also listed as N/A, which suggests limited recent sales activity or a lack of comprehensive data. This could be due to the area's smaller size or unique market conditions. Landlords and investors should proceed with caution, seeking out additional local insights to make informed decisions about property acquisition costs.
Tenant demand is another crucial factor. With a population of 206 and a 17.8% renter share, the potential tenant pool is relatively small. This means that competition for renters might be low, but also that the market could be highly sensitive to changes in supply or demand. Investors must consider the demographic makeup and employment opportunities within the ZIP code to gauge the sustainability of tenant demand.
In summary, while the FMR provides a clear guideline for setting rents at $1,650, the lack of specific market data complicates a full assessment of acquisition affordability and tenant demand. Given the small population and limited renter base, landlords should focus on understanding the local economy and housing needs to ensure a stable and profitable investment. The verdict is cautious optimism, contingent upon thorough local research and due diligence.
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.