Section 8 Fair Market Rent (FMR) for ZIP 95031 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 95031, located in California, represents a unique market opportunity for landlords and small-portfolio investors due to its favorable characteristics in terms of rental market dynamics and affordability. The Fair Market Rent (FMR) for the area, as of fiscal year 2024, stands at $3130, indicating a strong demand for affordable housing options.

• Fair Market Rent (FMR) for ZIP 95031 is set at $3130 for the fiscal year 2024, providing a benchmark for rental pricing that ensures properties remain attractive to tenants eligible for Section 8 assistance.
• The current market rent for the area is not available, which suggests that there might be limited data on private rental rates, making it difficult to compare against FMRs.
• The median home value in ZIP 95031 is also not available, which could indicate a lack of comprehensive data or a predominantly rental-focused market.
• The percentage of the population that are renters is not specified, but given the high FMR and the focus on affordable housing, a significant portion likely relies on rentals.
• The days on market (DOM) figure is not available, which means we cannot assess how quickly properties are being leased in this area.
• The median household income for ZIP 95031 is not available, which would have been useful in understanding the economic profile of potential tenants.

In summary, while specific metrics such as market rent, median home value, renter share, DOM, and median income are not provided, the $3130 FMR for ZIP 95031 offers a clear target for landlords looking to attract Section 8 tenants. This makes the area particularly appealing for those focused on government-assisted housing, where stability and predictability can outweigh the lack of detailed market data. Investment in this ZIP code should leverage the known FMR to ensure properties are positioned correctly within the affordable housing market.

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.