Location: Vallejo, CA | Metro: Vallejo, 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 | $1,760 |
| 1 Bedroom | $1,940 |
| 2 Bedrooms | $2,420 |
| 3 Bedrooms | $3,150 |
| 4 Bedrooms | $3,600 |
| 5 Bedrooms | $4,176 |
| 6 Bedrooms | $4,677 |
| 7 Bedrooms | $5,051 |
| 8 Bedrooms | $5,304 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,420 | $455,158 | 0.53% | F |
| 3BR | $3,150 | $519,131 | 0.61% | D |
| 4BR | $3,600 | $559,071 | 0.64% | D |
| 5BR | $4,176 | $643,013 | 0.65% | D |
U.S. Census Bureau data (2024)
The ZIP code 94585, located in Suisun City, CA, is positioned within the Vallejo, CA Metropolitan Statistical Area (MSA). Comparatively, it stands out with its Fair Market Rent (FMR) set at $2450 for the fiscal year 2024, which is slightly below the market rent of $2,574. This indicates that 94585 offers rental units at a price point that is marginally more affordable than the average within the Vallejo MSA.
The median home value in 94585 is $531,658, which is lower than the typical home values found in many other ZIP codes within the Vallejo MSA. This suggests that 94585 could be considered a value pocket for real estate investments, especially when compared to higher-priced areas within the same metropolitan region.
With a 39.6% renter share, 94585 has a notably higher proportion of renters than the national average, making it an attractive location for landlords and small-portfolio investors looking to capitalize on a strong rental market. The combination of a high renter share and relatively lower home values compared to the broader Vallejo MSA can indicate a sweet spot for Section 8 housing opportunities. Landlords in this area can benefit from both the availability of rental properties and the potential for government-subsidized tenants.
In summary, 94585 is best categorized as a value pocket within the Vallejo, CA MSA. It provides rental properties at a competitive rate, has lower home values, and a significant portion of its residents are renters, all of which contribute to a favorable environment for real estate investments focused on rental income and Section 8 housing programs.
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.