Section 8 Fair Market Rent (FMR) for ZIP 95208 - 2027

FY 2027 Fair Market Rent Rates

1610 - The Fair Market Rent (FMR) for ZIP code 95208 in fiscal year 2024 stands at $1610. This figure is crucial for landlords and small-portfolio investors looking to align their rental pricing with HUD guidelines.

N/A - Despite the known FMR, the current market rent for the area remains unspecified, indicating either a lack of recent data or significant variability in local rental rates.

N/A - Similarly, the median home value in ZIP 95208 is not available, which can make it challenging to assess property values without further research.

N/A - The percentage of renters in the area is also unknown, leaving a gap in understanding the housing market dynamics and the potential demand for rentals.

N/A - The median income for residents in 95208 is unavailable, which could be critical for determining the financial eligibility of potential tenants under the Section 8 program.

N/A - The days on market (DOM) for properties in this ZIP code is not specified, suggesting that there might not be enough recent sales data to provide an accurate trend analysis.

N/A - There is no reported percentage of price-cut share for the area, which typically indicates how often sellers have to lower their asking price to complete a sale. This absence of data points to a stable market where price adjustments are less frequent or not well documented.

1610 - Given the $1610 FMR, landlords should consider setting their rents close to this benchmark to attract Section 8 eligible tenants without risking non-compliance.

1610 - It's important to note that the FMR does not account for individual property conditions or amenities, so landlords may need to adjust their rents based on these factors while keeping an eye on the $1610 ceiling.

1610 - With the FMR as a guide, investors can evaluate whether their properties in ZIP 95208 offer competitive rental rates that meet both tenant needs and landlord profitability expectations.

1610 - The lack of detailed market data such as median home value and renter share makes it essential for investors to conduct thorough local market research to complement the $1610 FMR guidance.

1610 - In conclusion, the $1610 FMR for 95208 offers a clear starting point for setting rental prices, but additional local insights are needed to fully capitalize on the Section 8 opportunity.

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.