Section 8 Fair Market Rent (FMR) for ZIP 95220 - 2027

Location: Stockton-Lodi, CA | Metro: Stockton-Lodi, CA MSA

Investment Score for ZIP 95220

Monthly Rent (2BR)

$1,740

Median Price (2BR)

$542,612

1% Rule

0.32%

Annual Yield

3.85%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,320
1 Bedroom	$1,410
2 Bedrooms	$1,740
3 Bedrooms	$2,410
4 Bedrooms	$2,910
5 Bedrooms	$3,376
6 Bedrooms	$3,781
7 Bedrooms	$4,083
8 Bedrooms	$4,287

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,740	$542,612	0.32%	F
3BR	$2,410	$772,891	0.31%	F
4BR	$2,910	$967,579	0.3%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,931

Median Household Income

$114,637

Housing Units

2,840

Renter Percentage

28.9%

Occupancy Rate

91.9%

Renter Occupied

753

To decide whether you should buy in ZIP code 95220 (Acampo, CA) for Section 8 purposes, follow this decision tree:

1) Does FMR $1590 (zip FY 2024) clear debt service on a $799,852 property?

No. The Fair Market Rent (FMR) of $1590 per month would not cover the debt service on a property valued at $799,852. Debt service typically includes mortgage payments, property taxes, insurance, and maintenance costs. At such a high property value, these expenses would likely exceed the FMR, making it unfeasible to rely solely on Section 8 funding.

2) Is market rent $1,368 (Census ACS) above, at, or below FMR?

Below FMR. The market rent of $1368 is lower than the FMR of $1590. This means that properties rented through Section 8 can command higher rents than the general market, which could be advantageous if you're looking to maximize rental income.

3) Are 28.9% renters + N/A-day DOM enough demand?

It depends. With 28.9% of residents being renters, there is a moderate level of demand for rental properties. However, the lack of data on Days on Market (DOM) makes it difficult to assess how quickly rental units are filled. A low DOM indicates strong demand, while a high DOM suggests the opposite. Without this information, you must consider other factors, such as the availability of Section 8 vouchers and the competition among landlords.

In summary, ZIP 95220 (Acampo, CA) is not ideal for purchasing a property worth $799,852 based on the current FMR of $1590, as it would not cover the debt service. However, if you're considering a lower-cost property where the FMR can cover the debt service, the fact that market rent is below FMR could be beneficial. The moderate percentage of renters suggests some demand, but without knowing the DOM, it's unclear how competitive the market is for filling vacancies.

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.