Location: Oakland-Fremont, CA | Metro: Oakland-Fremont, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,090 |
| 1 Bedroom | $2,290 |
| 2 Bedrooms | $2,810 |
| 3 Bedrooms | $3,600 |
| 4 Bedrooms | $4,260 |
| 5 Bedrooms | $4,942 |
| 6 Bedrooms | $5,535 |
| 7 Bedrooms | $5,978 |
| 8 Bedrooms | $6,277 |
The analysis of ZIP code 94620 in Unknown, CA, reveals a unique market situation based on the available data points for fiscal year 2024. The Fair Market Rent (FMR) for the area is set at $2590. However, the lack of specific market rent and home value figures makes it challenging to fully assess the yield potential of this ZIP code. In a typical scenario, comparing FMR to market rents and home values would give us a clearer picture of whether properties here offer high yields through rental income relative to their purchase price.
On the axis of stability, the data is also limited. There are no percentages for renters, no average days on the market (DOM), and no median income figures provided for ZIP 94620. Without these metrics, we cannot definitively state the level of stability in terms of tenant turnover, time to sell, or economic health of the residents.
Given the single data point of the FMR at $2590, landlords and small-portfolio investors should consider this figure as a benchmark for setting rent prices that comply with housing assistance guidelines. This can ensure that the properties remain affordable to low-income families, which is a core principle of Section 8 housing. However, without additional data on market rents and home values, it's impossible to classify 94620 as either a high-yield/low-stability flip-style market or a steady-cashflow zone. The missing data on the percentage of renters, DOM, and median income prevents a comprehensive evaluation of the stability of this market.
To make an informed decision about investing in ZIP 94620, further research into local market conditions, including current rental prices and home sale values, would be necessary. Additionally, understanding the economic backdrop of the area, such as employment trends and average incomes, could provide insights into the potential for stable cash flow versus higher-risk, potentially higher-reward scenarios.
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.