Section 8 Fair Market Rent (FMR) for ZIP 93556 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 93556, located in Ridgecrest, CA, has a unique position in the real estate market when classified by yield and stability. According to recent data:

The Fair Market Rent (FMR) for ZIP 93556 in fiscal year 2024 is set at $1260. This indicates a moderate rental yield compared to typical market values, where the specific market and home values are not provided. However, the FMR suggests that landlords can expect a consistent rental income that aligns with HUD guidelines.

In terms of stability, the data does not provide specific percentages for renters, days on market (DOM), or income levels. Without these figures, it's challenging to assess the exact stability of the market. However, the Days on Market for recently sold homes range from 55 to 73 days, suggesting a relatively stable selling environment.

A recently sold home at 120 Parkview Ave, Ridgecrest, CA 93555, was listed at $289,900 and sold for $276,250, indicating a slight discount but still within a reasonable timeframe. Another home at 708 N Florence St, Ridgecrest, CA 93555, sold for $445,000, slightly above its list price of $425,000, demonstrating some flexibility in pricing.

Based on the available data, ZIP 93556 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The moderate rental yields and reasonable Days on Market suggest a balanced market where landlords and small-portfolio investors can expect reliable returns without significant risk.

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.