Location: Calaveras County, CA | Metro: Calaveras County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 95248 in Calaveras County, California, reveals several key points for landlords and small-portfolio investors.
Firstly, the rent math does not work favorably. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $1,540, but without a specific market rent figure available, it's difficult to assess if this aligns with what tenants can afford or are willing to pay. This could indicate a risk in setting rents too high or too low, potentially leading to either vacancy issues or reduced profitability.
Secondly, acquiring properties in this ZIP code is relatively affordable, with a median home value of $313,713. However, the lack of data on days on market (DOM) and the percentage of homes that have been listed with a price cut suggests that the local real estate market might be less active or more challenging to navigate compared to other areas. This could mean slower sales cycles or lower bargaining power for buyers.
Lastly, there is little tenant demand. With a population of just 60 residents and a 0.0% renter share, it's evident that most people in this ZIP code own their homes. This significantly reduces the pool of potential renters and increases the risk of vacancy.
Verdict: Investing in rental properties in ZIP 95248 is not advisable due to the low population and virtually non-existent tenant demand. The fair market rent of $1,540 needs to be carefully considered against the actual market conditions, which are currently unclear. Additionally, while property acquisition is affordable, the limited real estate activity and small number of potential renters make this area unsuitable for generating consistent rental income.
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.