Location: Napa, CA | Metro: Napa, CA MSA
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 | $2,060 |
| 1 Bedroom | $2,280 |
| 2 Bedrooms | $2,990 |
| 3 Bedrooms | $3,800 |
| 4 Bedrooms | $4,450 |
| 5 Bedrooms | $5,162 |
| 6 Bedrooms | $5,781 |
| 7 Bedrooms | $6,243 |
| 8 Bedrooms | $6,555 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,990 | $664,774 | 0.45% | F |
| 3BR | $3,800 | $882,045 | 0.43% | F |
| 4BR | $4,450 | $1,205,510 | 0.37% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 94508, Angwin, California, for fiscal year 2024 is set at $2,430. This figure represents the payment standard for Section 8 housing vouchers in your area. It does not mean that you will receive $2,430 per month as rent; rather, it's the maximum amount that the Housing Choice Voucher program will pay on behalf of a tenant.
To put this into perspective, the average monthly rent for a two-bedroom apartment in Angwin, based on Census American Community Survey (ACS) data, is around $1,605. This indicates that the FMR is higher than the typical market rate, which can be beneficial for landlords participating in the Section 8 program.
The demand for rental properties in Angwin is strong, with 38.1% of residents being renters. This suggests that there is a significant portion of the population who might benefit from Section 8 vouchers, thereby increasing the likelihood of finding tenants for your property.
If you're considering purchasing a property to become a Section 8 landlord, the median home value in Angwin is approximately $902,678. This figure gives you an idea of the acquisition cost for a typical home in the area. While this might seem high, remember that the long-term financial stability provided by government-backed rental payments can offset the initial investment.
Before making a final decision, it's crucial to verify that the property meets the Housing Quality Standards (HQS). These standards ensure that the home is safe, decent, and sanitary, and must be met for the property to qualify for Section 8 tenancy. A thorough inspection by a local housing authority can help you determine if any repairs or upgrades are necessary to comply with HQS.
In summary, the FMR of $2,430 provides a reliable income stream through the Section 8 program, which is higher than the local average rent of $1,605. With a substantial 38.1% of the population renting, the demand for affordable housing is evident. The median home value of $902,678 offers insight into the potential investment cost. However, the key step to take before proceeding is to confirm that your property satisfies the Housing Quality Standards to ensure eligibility for the program.
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.