Section 8 Fair Market Rent (FMR) for ZIP 95036 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 95036, located in California, is situated in an area known for its blend of suburban living and access to urban amenities. This region offers a variety of housing options, making it attractive to both homeowners and renters. However, specific data points for certain metrics are currently unavailable, which can impact decision-making for landlords and small-portfolio investors.

• The Fair Market Rent (FMR) for ZIP 95036 in fiscal year 2024 is set at $3130. This figure represents the average rent for a two-bedroom apartment, serving as a benchmark for rental pricing in the area.
• Market rent data for ZIP 95036 is not available at this time, which means investors cannot rely on recent trends to adjust their rental rates accordingly.
• The median home value for this ZIP code is also not available, indicating a lack of comprehensive data on the overall property values within the region.
• Renter share data is currently unavailable, leaving a gap in understanding the proportion of residents who prefer renting over owning.
• The Days on Market (DOM) data is missing, which would typically help investors gauge how quickly properties are being leased or sold in the area.
• Median income data for ZIP 95036 is not available, crucial information that would inform investors about the financial health and spending power of the local population.

In summary, while the Fair Market Rent provides a solid anchor point for setting competitive rental prices in ZIP 95036, the absence of key data points such as market rent, median home value, renter share, DOM, and median income leaves significant gaps in the analysis. Investors should proceed with caution, perhaps focusing on areas where more complete data is available, or conducting thorough due diligence to fill these informational voids.

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.