Location: Stockton-Lodi, CA | Metro: Stockton-Lodi, CA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,660 | $343,130 | 0.48% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 95202 in fiscal year 2024 is set at $1,370. This figure represents the payment standard for Section 8 vouchers in your area, meaning it's the maximum amount that the Housing Choice Voucher program will pay on behalf of eligible tenants. It does not determine the actual rent you can charge but serves as an upper limit for reimbursement.
To put this into perspective, the Zillow Observed Rent Index (ZORI) for 95202 stands at $1,197. This is the average rent price for similar properties in your area based on recent lease signings. The FMR being higher than the ZORI suggests that Section 8 voucher holders might be able to afford slightly higher rents, which could benefit landlords looking to maximize their income.
The renter share in 95202 is 91.1%, indicating a strong demand for rental properties. With such a high percentage of residents renting, there's a good chance that your property will attract interested tenants quickly. However, the median home value in the area is around $332,974, which is important to consider when deciding whether to purchase a new property or convert an existing one into a rental unit. This figure gives you an idea of the acquisition cost and helps in assessing the potential return on investment.
Before committing to a Section 8 rental, ensure that your property meets all the necessary inspection criteria. This includes passing a Housing Quality Standards (HQS) inspection, which checks for basic livability conditions and safety standards. Failure to meet these requirements can result in reduced payments or even termination of the contract.
In summary, the FMR of $1,370 sets a ceiling for reimbursement, while the ZORI of $1,197 reflects typical market rates. The high renter share of 91.1% signals robust demand, and the median home value of $332,974 provides insight into acquisition costs. Verify that your property complies with HQS standards to avoid complications down the line.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.