Location: Calaveras County, CA | Metro: Calaveras County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
U.S. Census Bureau data (2024)
The ZIP code 95225 presents a unique challenge for renters and landlords alike. The median income for the area is not available, which makes it difficult to assess the financial health of potential tenants. However, we do know that the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,470. This figure represents the voucher payment standard, indicating that families receiving housing assistance can expect to pay up to this amount.
The market rate for rentals in 95225 is also not specified, but given the limited data on median income, it's crucial for landlords to consider how their rental prices align with the voucher payment standard. If the market rate exceeds $1,470, then households relying on vouchers will find it hard to afford most properties, creating a significant affordability gap.
In ZIP 95225, 31.5% of the 1,609 residents are renters. This means there are approximately 507 renters in the area. Given the lack of median income data, it's reasonable to assume that a portion of these renters may be seeking affordable housing options such as those supported by vouchers. Landlords must recognize that if they price their units above the voucher limit, they risk limiting their pool of potential tenants to only those who can afford higher rates without assistance.
The affordability gap in 95225 has implications for landlord competition. Properties priced at or below the $1,470 voucher limit will likely attract a larger number of applicants, including those with housing vouchers. Conversely, landlords who choose to target cash-paying tenants may face fewer applicants due to the limited visibility on the financial capabilities of the local population.
Takeaway: For landlords considering whether to accept voucher tenants or focus on cash-paying ones, the data suggests that accepting vouchers could be a strategic advantage. Given the high likelihood of an affordability gap, properties within the voucher payment range stand a better chance of being occupied. This strategy not only ensures a steady stream of tenants but also taps into a segment of the market that might otherwise struggle to find suitable housing.
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.