Location: Oakland-Fremont, CA | Metro: Oakland-Fremont, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,080 |
| 1 Bedroom | $2,280 |
| 2 Bedrooms | $2,790 |
| 3 Bedrooms | $3,570 |
| 4 Bedrooms | $4,230 |
| 5 Bedrooms | $4,907 |
| 6 Bedrooms | $5,496 |
| 7 Bedrooms | $5,936 |
| 8 Bedrooms | $6,233 |
The analysis of ZIP code 94570 reveals several key points that landlords and small-portfolio investors should consider before investing in the area.
The first question is whether the rent math works. The Fair Market Rent (FMR) for ZIP 94570 in fiscal year 2024 is set at $2600. However, without specific market rent data, it's challenging to determine if this figure accurately reflects the local rental market. Landlords should seek additional sources to confirm if $2600 is a competitive rate.
Regarding the affordability of acquisition, the lack of specific data on median home values, days on market (DOM), and the percentage of homes that require price cuts makes it difficult to assess the cost and time required to purchase properties. Investors should research further to understand the typical investment costs and potential challenges in acquiring properties.
Tenant demand can be gauged by looking at the population and the percentage of renters. Unfortunately, the exact population and the precise percentage of residents who are renters are not provided. This missing information means that the current tenant pool size and willingness to rent cannot be quantified. Further investigation into these metrics would provide clarity on the viability of renting properties in this area.
Verdict: While ZIP 94570 offers a defined Fair Market Rent of $2600, the absence of critical data points such as market rent, median home value, days on market, price cut percentages, and the exact population and renter share complicates a thorough analysis. To make an informed decision, landlords and small-portfolio investors must gather more detailed local market data to ensure the financial feasibility of their investments and the presence of sufficient tenant demand.
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.