Section 8 Fair Market Rent (FMR) for ZIP 95103 - 2027

Location: San Jose-Sunnyvale-Santa Clara, CA | Metro: San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,460
1 Bedroom	$2,780
2 Bedrooms	$3,270
3 Bedrooms	$4,390
4 Bedrooms	$4,690
5 Bedrooms	$5,440
6 Bedrooms	$6,093
7 Bedrooms	$6,580
8 Bedrooms	$6,909

The ZIP code 95103, located in Sacramento, California, is a vibrant urban area with a mix of residential neighborhoods and commercial spaces. The region is characterized by its proximity to downtown Sacramento and its access to various amenities, making it an attractive location for both residents and investors. However, the lack of specific data points such as market rent, median home value, and percentage of renter share poses challenges in providing a comprehensive analysis.

Fair Market Rent (FMR) for ZIP 95103 in fiscal year 2024 is set at $3130.
The median home value for ZIP 95103 is currently N/A, indicating a need for further investigation into local real estate trends.
The percentage of the population that rents their homes in ZIP 95103 is N/A, which is crucial for understanding demand.
The median income for the area is also listed as N/A, suggesting a gap in economic data that could impact affordability and tenant stability.
The Days on Market (DOM) for properties in ZIP 95103 is N/A, which would be valuable in assessing how quickly properties are selling or renting.

The Fair Market Rent of $3130 for ZIP 95103 in fiscal year 2024 provides a benchmark for rental pricing, but without additional context such as the market rent or median home values, it's difficult to gauge the true competitive landscape. The unknowns regarding the percentage of renters and median income suggest that the area may have a diverse economic profile, which can be both a strength and a challenge for landlords and small-portfolio investors. A higher percentage of renters typically indicates a stronger demand for rental properties, while a clearer picture of median income would help in setting realistic rental prices and targeting the right demographic. In conclusion, while the FMR offers a starting point, investors should seek out more detailed local real estate and economic data to make informed decisions about investing in ZIP 95103.

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.