Location: Merced, CA | Metro: Merced, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
U.S. Census Bureau data (2024)
The analysis of ZIP 93665, located in the Merced, CA MSA, reveals several key insights for landlords and small-portfolio investors.
The Fair Market Rent (FMR) for ZIP 93665 in fiscal year 2024 is set at $1250. However, without specific data on market rent, it's challenging to definitively state whether the rent math works. The FMR serves as a benchmark, but actual profitability depends on market conditions and landlord expenses.
Acquisition in this ZIP code is moderately affordable, with a median home value of $278,135. Without the days on market (DOM) and the percentage of homes that have been discounted, it's difficult to provide a complete picture of the acquisition landscape. Nonetheless, the median home value suggests a relatively low barrier to entry compared to other areas in California.
Tenant demand in ZIP 93665 is robust, given its small population of 114 and a 100.0% renter share. This indicates that virtually every resident is a potential tenant, which could lead to strong occupancy rates and less vacancy risk.
Verdict: While the lack of specific market rent data complicates a full assessment of rental profitability, the combination of a moderate median home value and a full renter share makes ZIP 93665 an attractive investment opportunity. Landlords can expect high demand for rental properties, and the $1250 FMR provides a solid pricing guideline. However, due diligence on local market conditions and landlord expenses is essential to ensure the rent math works effectively.
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.