Location: Stockton-Lodi, CA | Metro: Stockton-Lodi, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,360 |
| 1 Bedroom | $1,450 |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $3,000 |
| 5 Bedrooms | $3,480 |
| 6 Bedrooms | $3,898 |
| 7 Bedrooms | $4,210 |
| 8 Bedrooms | $4,421 |
U.S. Census Bureau data (2024)
1480 is the Fair Market Rent (FMR) for ZIP 95211 as of fiscal year 2024, setting the benchmark for rental properties eligible under the Section 8 program. This figure represents the maximum amount landlords can charge for a unit to be covered by the voucher. While the exact market rent remains unspecified, the FMR serves as a reliable indicator of the rental value in this area. The median home value is also not available, but it's important to note that the focus here is on rental properties rather than sales. With a renter share percentage of N/A, we cannot provide an exact proportion of renters in the area, but the presence of a strong Section 8 program suggests a significant demand for subsidized housing. The median income is not specified, which means we don't have a direct comparison point for tenant eligibility, though generally, the income limit for Section 8 is set at 50% of the area median income. Days on Market (DOM) is listed as N/A, indicating that the time it takes for a rental property to be leased varies depending on the specifics of the listing and the market conditions at the time of posting. The percentage of price-cut share is also not available, which typically would give insight into how often landlords need to reduce their asking price to attract tenants. However, given the FMR, landlords should aim to set their rents slightly below this figure to ensure competitiveness without sacrificing too much profit. In conclusion, 1480 is the pivotal number for landlords participating in Section 8 in ZIP 95211, ensuring compliance with HUD guidelines while providing affordable housing options.
Data Sources: FMR data from HUD (2027). 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.