Section 8 Fair Market Rent (FMR) for ZIP 95038 - 2027

FY 2027 Fair Market Rent Rates

3130 In ZIP code 95038, the Fair Market Rent (FMR) for fiscal year 2024 has been set at $3130. This figure represents the maximum amount landlords can charge tenants participating in the Section 8 program. Given the absence of specific market rent data, it's challenging to directly compare the FMR to local rental rates. However, the FMR serves as a benchmark for assessing the potential profitability of renting properties to Section 8 participants.

3130 The lack of detailed market data such as median home values and median incomes means we must rely on the FMR to guide our investment decisions. With the FMR at $3130, landlords should ensure their property maintenance and management costs align with this pricing structure to maximize profits without exceeding the allowable limits.

3130 It's important to note that the percentage of renters and the median income are also unknown, which could affect the demand for Section 8 housing. Despite these gaps in information, the FMR provides a stable revenue stream for landlords who are willing to participate in the program.

3130 The Days On Market (DOM) and price-cut share percentages are not available, indicating a lack of comprehensive data on property sales and adjustments in this area. However, this does not diminish the significance of the FMR as a key metric for landlords considering Section 8 tenancy.

3130 For small-portfolio investors, the FMR of $3130 offers a predictable and regulated rental income source. While the absence of other metrics makes it difficult to assess broader market conditions, the stability provided by the Section 8 program can be an attractive option for those looking to minimize risk.

3130 In conclusion, the FMR of $3130 in ZIP 95038 presents a clear opportunity for landlords and small-portfolio investors to secure a reliable income stream through the Section 8 program. The verdict for Section 8 in this area is positive, offering a solid foundation for rental investments.

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.