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 ZIP code 94820, located in the Oakland-Fremont area of California, presents a unique profile that distinguishes it from other regions. With no specific data available on the number of residents, rental percentage, median income, or median home value, it's essential to rely on the Federal Market Rent (FMR) figures to guide our analysis.
The voucher economics in ZIP 94820 are defined by an FMR of $2600 for the fiscal year 2024. This figure represents the maximum amount that a landlord can receive through the Section 8 program for a unit in this ZIP code. Without comparative market rent data, we cannot determine the exact disparity between the FMR and the local market rates. However, it's crucial for landlords and small-portfolio investors to understand that the FMR serves as a benchmark for rental assistance payments in federally subsidized housing programs.
Given the absence of detailed economic indicators such as median income and home values, it's challenging to definitively classify the ZIP 94820 as either stable or transitional. Typically, a stable ZIP code would exhibit consistent trends over time, including steady population growth, predictable rental rates, and stable property values. Conversely, a transitional ZIP code might show signs of rapid change, such as fluctuations in population demographics, varying rental prices, and shifting property values. The lack of these key metrics means that any assessment must be made cautiously, based on broader regional trends rather than specific data points.
To make informed decisions, landlords and investors should monitor local real estate trends and consult with HUD for updates on the FMR and other relevant economic indicators for ZIP 94820. This will provide a clearer picture of the economic landscape and help in evaluating the potential returns and risks associated with participating in the Section 8 program in this ZIP code.
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.