Location: Vallejo, CA | Metro: Vallejo, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,400 |
| 1 Bedroom | $2,640 |
| 2 Bedrooms | $3,290 |
| 3 Bedrooms | $4,290 |
| 4 Bedrooms | $4,890 |
| 5 Bedrooms | $5,672 |
| 6 Bedrooms | $6,353 |
| 7 Bedrooms | $6,861 |
| 8 Bedrooms | $7,204 |
U.S. Census Bureau data (2024)
98.9% of residents in ZIP code 94535 are renters, making it an ideal location for landlords and small-portfolio investors looking to capitalize on high demand for rental properties. The Fair Market Rent (FMR) for the area, set at $3250 for zip FY 2024, is significantly higher than the average market rent of $3,122 reported by the Census ACS, indicating a strong potential for rental income above the typical rates. While there is no available data for the median home value, the lack of fluctuation in days on market (DOM) and price-cut share suggests a stable housing market with little competition from sales listings.
The median income of $83,879 provides insight into the financial capacity of the local population, which is crucial for assessing the viability of tenants who might rely on Section 8 vouchers. Given the high renter share and the disparity between FMR and market rent, it's evident that many residents may find it challenging to afford private-market rents without assistance. This dynamic creates a favorable environment for Section 8 properties, as they can offer affordable options while still providing a reliable income stream for landlords.
To conclude, ZIP 94535 presents a robust opportunity for investors interested in Section 8 properties due to its high renter share, favorable FMR compared to market rent, and stable housing market conditions.
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.