Location: Calaveras County, CA | Metro: Modesto, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,600 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,190 |
| 3 Bedrooms | $3,050 |
| 4 Bedrooms | $3,600 |
| 5 Bedrooms | $4,176 |
| 6 Bedrooms | $4,677 |
| 7 Bedrooms | $5,051 |
| 8 Bedrooms | $5,304 |
U.S. Census Bureau data (2024)
2380 The Fair Market Rent (FMR) for ZIP 95230, set at $2380 for zip FY 2024, provides a benchmark for rental pricing in the area. 1711 However, the actual market rent, according to Census ACS data, stands at $1,711, indicating that properties can be priced below the FMR without sacrificing occupancy. 716859 With a median home value of $716,859, the real estate market in 95230 is robust, offering significant investment potential. 220 A noteworthy 22.0% of residents are renters, suggesting a steady demand for rental properties. 128339 Given the median income of $128,339, tenants in this area have the financial stability to support higher rents, which could lead to better returns on investment. N/A The data does not provide a specific number of days on the market (DOM), nor does it detail the percentage of homes that had their prices cut, making it challenging to assess the exact competitiveness of the housing market. However, the combination of a strong median home value and a high median income suggests that landlords and small-portfolio investors can expect favorable conditions. 2380 In conclusion, the FMR of $2380 offers a ceiling for rental prices, while the actual market rent indicates room for adjustment. 1711 Landlords should aim to keep their rents competitive yet close to the FMR to maximize profitability. 716859 Investors looking to purchase properties will find that the median home value supports long-term appreciation. 220 With a substantial renter share of 22.0%, there is a consistent tenant pool available. 128339 High median incomes suggest that tenants are likely to be financially reliable, reducing the risk of default. 2380 For Section 8 participants, the FMR of $2380 represents a cap, but the actual market conditions may offer opportunities to attract tenants paying slightly above the subsidy limit. 1711 Despite the lack of specific DOM and price-cut percentages, the overall economic indicators point towards a stable and potentially lucrative market. 2380 Section 8 Verdict: ZIP 95230 presents a balanced opportunity for Section 8 participation, with ample space between market rents and FMRs to ensure viable investments.
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.