Location: Santa Rosa-Petaluma, CA | Metro: Santa Rosa-Petaluma, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,980 |
| 1 Bedroom | $2,160 |
| 2 Bedrooms | $2,820 |
| 3 Bedrooms | $3,900 |
| 4 Bedrooms | $4,300 |
| 5 Bedrooms | $4,988 |
| 6 Bedrooms | $5,587 |
| 7 Bedrooms | $6,034 |
| 8 Bedrooms | $6,336 |
ZIP code 94999, situated within the Santa Rosa-Petaluma, CA MSA, has a Fair Market Rent (FMR) of $2380 for fiscal year 2024. This is a critical figure for landlords and small-portfolio investors interested in the Section 8 Housing Choice Voucher program. In comparison to the broader metro area, the FMR for a 2-bedroom unit in the Santa Rosa-Petaluma, CA MSA for fiscal year 2025 is set at $2,242. This indicates that ZIP 94999’s FMR is slightly above the typical FMR for the metro, suggesting it is closer to being a mid-tier neighborhood rather than a value pocket or premium sub-market.
The homeowner vacancy rate in the MSA is 1.0%, while the rental vacancy rate is 4.8%. These figures provide context for the rental market dynamics within the region. Although specific data for market rents and home values for ZIP 94999 are not available, the defined FMR implies that the area caters to tenants seeking affordable housing solutions. The absence of market rent and home value data could indicate that the area is less developed or has fewer large rental properties compared to other parts of the MSA.
The lack of precise renter share percentage for ZIP 94999 means we cannot definitively state whether it has a high proportion of renters. However, given that the FMR is specified, it suggests that there is a significant demand for rental units that are eligible for Section 8 assistance. This makes ZIP 94999 a viable option for investors focused on providing affordable housing solutions.
In summary, ZIP 94999 appears to be a mid-tier neighborhood within the Santa Rosa-Petaluma, CA MSA, with an FMR slightly above the typical FMR for the area. It is a suitable location for landlords and small-portfolio investors who want to engage in the Section 8 program, offering a balance between affordability and demand for rental properties.
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.