Location: Santa Rosa-Petaluma, CA | Metro: Santa Rosa-Petaluma, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,760 |
| 1 Bedroom | $1,940 |
| 2 Bedrooms | $2,550 |
| 3 Bedrooms | $3,500 |
| 4 Bedrooms | $3,740 |
| 5 Bedrooms | $4,338 |
| 6 Bedrooms | $4,859 |
| 7 Bedrooms | $5,248 |
| 8 Bedrooms | $5,510 |
U.S. Census Bureau data (2024)
The ZIP code 94922 is located in the highly desirable city of Woodside, California, which is known for its affluent and exclusive residential areas. This neighborhood is characterized by its low population density, with only 6 people recorded in the latest census data, indicating a very sparsely populated area. The percentage of renters in this ZIP code is an extremely low 0.0%, suggesting that it is predominantly owned by homeowners rather than being a rental-focused community.
Unfortunately, specific data regarding the median income and median home value for ZIP 94922 is currently unavailable, which might be due to the small sample size or privacy restrictions. However, given the location's reputation, it is reasonable to infer that both income levels and home values are likely to be quite high.
Moving on to the rent economics, the Fair Market Rent (FMR) for ZIP 94922 as of the fiscal year 2024 is set at $3140. This figure is crucial for landlords participating in the Section 8 program, as it defines the maximum rental amount that can be charged to tenants receiving housing assistance. It is worth noting that there is no available data on the market rent for this ZIP code, which could indicate a lack of rental properties or insufficient data points to establish a reliable average.
Given these characteristics, ZIP 94922 would not be an ideal fit for a hands-off voucher operator. The extremely low percentage of renters suggests that there is limited demand for rental properties, and thus, limited opportunities for passive income through the Section 8 program. On the other hand, for a hands-on value-add buyer, this ZIP code could present unique opportunities. The high FMR indicates that there is potential for generating significant rental income, especially if the investor focuses on luxury properties that cater to the affluent demographic of the area. However, such an approach would require active management and possibly renovations to meet the expectations of the local market.
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.