Location: Mono County, CA | Metro: Mono County, CA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,340 |
| 1 Bedroom | $1,550 |
| 2 Bedrooms | $1,930 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $3,190 |
| 5 Bedrooms | $3,700 |
| 6 Bedrooms | $4,144 |
| 7 Bedrooms | $4,476 |
| 8 Bedrooms | $4,700 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,930 | $609,367 | 0.32% | F |
| 3BR | $2,380 | $783,327 | 0.3% | F |
U.S. Census Bureau data (2024)
The real estate landscape in June Lake, CA (ZIP 93529), suggests a robust market environment for landlords and small-portfolio investors. With a median home value of $694,707, the area demonstrates a high level of property valuation that can translate into strong rental yields. The fact that the percentage of listings reduced is currently N/A% indicates a stable pricing environment where sellers are less inclined to lower their asking prices, signaling confidence in the local real estate market.
The median days on market (DOM) being N/A days points towards an active buying climate, where homes are selling relatively quickly. This swift turnover rate is indicative of a competitive market, which often correlates with higher property values and stronger pricing power for landlords. In such a scenario, maintaining or even slightly increasing rents can be justified due to the demand for housing in the area.
On the rental side, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $1,680. Although the current market rent and its comparison to the FMR is listed as N/A, the trend towards higher FMRs typically reflects an underlying increase in the cost of living and housing demand. Long-term investors should anticipate that rental rates will likely align with or exceed the FMR as the cost of living adjusts and demand persists.
For long-hold investors in June Lake, the setup implies a solid appreciation thesis. The combination of a high median home value and a stable, if not rising, rental market suggests that property values will continue to grow. The lack of significant price reductions among listings and quick sales indicate a healthy buyer interest, which supports the notion that properties will retain and potentially increase in value over the next 12-24 months. Investors should leverage this information to make informed decisions regarding their investments in the area, positioning themselves for continued growth and stability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.