Section 8 Fair Market Rent (FMR) for ZIP 93515 - 2027
Location: Inyo County, CA | Metro: Inyo County, CA
FY 2027 Fair Market Rent Rates
| 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 |
A skeptical investor considering ZIP 93515 in California might have several concerns regarding the feasibility of participating in the Section 8 program. These objections can be addressed using the available data.
- Will FMR $1,510 (metro FY 2026) cover the mortgage on a home? The Fair Market Rent (FMR) of $1,510 for ZIP 93515 does not provide sufficient information to determine if it will cover the mortgage on a typical home in the area. The FMR represents the maximum amount that a landlord can charge for rent under the Section 8 program but does not account for the mortgage payments which depend on the purchase price, interest rates, and loan terms of the property. Without knowing these specifics, it's impossible to definitively state whether the FMR will cover the mortgage.
- Is there enough renter demand at N/A%? The data does not specify the percentage of renters in ZIP 93515 who qualify for Section 8 housing assistance. However, given the economic conditions and demographics typical for areas with a similar FMR, it's reasonable to assume there could be a significant demand for subsidized housing. To accurately assess the demand, an investor should research local population statistics, unemployment rates, and the number of low-income households that might benefit from Section 8.
- Will vouchers keep pace with market rents? The data does not indicate the current market rents for ZIP 93515 or how they compare to the FMR. Typically, voucher amounts are adjusted annually based on changes in the FMR, but this does not guarantee that they will always match the actual market rents. If market rents rise faster than the FMR, landlords might find themselves receiving less than what they need to cover operating costs. It's important to monitor local real estate trends and FMR adjustments to predict future financial stability.
The analysis of ZIP 93515 reveals that while the FMR provides a benchmark for rental pricing, it does not fully address the specific concerns of an investor. More detailed local data on mortgage costs, renter demographics, and market rent trends would be necessary to make a well-informed decision.
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.