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 | $1,210 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $2,670 |
| 5 Bedrooms | $3,097 |
| 6 Bedrooms | $3,469 |
| 7 Bedrooms | $3,747 |
| 8 Bedrooms | $3,934 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,290 | $274,639 | 0.47% | F |
| 2BR | $1,600 | $331,611 | 0.48% | F |
| 3BR | $2,220 | $446,336 | 0.5% | F |
| 4BR | $2,670 | $580,106 | 0.46% | F |
| 5BR | $3,097 | $726,801 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 95215, located within the Stockton-Lodi, CA MSA, presents a unique profile when compared against typical ZIP codes in the same metropolitan area. Its Fair Market Rent (FMR) for the fiscal year 2024 is set at $1370, which aligns closely with the market rent figure of $1,328. This suggests that the rental prices in 95215 are reflective of broader market conditions within the Stockton-Lodi metro.
The median home value in 95215 stands at $439,251, which is slightly above the average home value for the typical Stockton-Lodi ZIP codes. However, it's the 40.9% renter share that distinguishes 95215 from its counterparts. A higher-than-average percentage of renters often indicates a significant presence of affordable housing options, including those supported by Section 8 vouchers.
To determine if 95215 qualifies as a value pocket, a mid-tier neighborhood, or a premium sub-market, we must consider the interplay between these figures. The FMR and market rent are nearly identical, suggesting a stable rental market where prices are consistent with government guidelines. The median home value is moderately elevated, but the substantial renter share points towards a diverse housing market that caters to both homeowners and renters.
The combination of a below-average home value relative to the metro but a significantly higher renter share makes 95215 an intriguing option for landlords and small-portfolio investors looking for areas with potential for Section 8 participation. This ZIP code could be considered a sweet spot for such investments due to the alignment of rental prices with government standards and a higher proportion of tenants who might benefit from Section 8 assistance.
In summary, 95215 is neither a value pocket nor a premium sub-market based on its home value. Instead, it represents a mid-tier neighborhood within the Stockton-Lodi, CA MSA, with particular appeal for those interested in properties suitable for Section 8 tenants. The data points to a balance between affordability and market stability, making it a viable choice for real estate investment focused on rental income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.