Location: Oakland-Fremont, CA | Metro: Oakland-Fremont, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,050 |
| 1 Bedroom | $2,240 |
| 2 Bedrooms | $2,750 |
| 3 Bedrooms | $3,510 |
| 4 Bedrooms | $4,160 |
| 5 Bedrooms | $4,826 |
| 6 Bedrooms | $5,405 |
| 7 Bedrooms | $5,837 |
| 8 Bedrooms | $6,129 |
U.S. Census Bureau data (2024)
ZIP 94548 falls within the Oakland-Fremont, CA HUD Metro FMR Area, where the Fair Market Rent (FMR) for FY 2024 is set at $2720. This ZIP code should be considered a cash-flow anchor within a Section 8 portfolio strategy. The reasoning behind this classification lies in the stability and predictability that comes with the Section 8 program, which guarantees rental payments based on the established FMR.
The lack of specific market data such as median home value and price-cut share makes it challenging to evaluate ZIP 94548 purely from an appreciation standpoint. However, the high median income of $189,653 suggests that the area is economically robust, which can support stable rental demand and potentially higher rents outside of the Section 8 program. But for the purposes of a Section 8 portfolio, the focus remains on the guaranteed cash flow rather than speculative appreciation.
ZIP 94548's 0.0% renter share indicates that it is predominantly owner-occupied, which might seem counterintuitive for a Section 8-focused strategy. Nevertheless, the Section 8 program operates independently of the overall renter share. Landlords can still benefit from the steady income stream provided by the government subsidy, making it a reliable component of their investment portfolio.
Incorporating ZIP 94548 into a Section 8 portfolio ensures a consistent cash flow due to the fixed FMR. This ZIP code's alignment with the program's guidelines and the economic strength of the surrounding area make it a solid choice for those seeking financial stability over short-term gains or speculative growth.
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.