Location: Calaveras County, CA | Metro: Calaveras County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,240 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,360 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 95251 within the Calaveras County, CA metro area reveals several key points regarding its viability for Section 8 real estate investments.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,670. However, the market rent for ZIP 95251 is currently unavailable, making it difficult to directly compare these figures. Without specific market rent data, landlords should be cautious about relying solely on FMR for setting rental prices.
Regarding the affordability of property acquisitions, the median home value in ZIP 95251 is also not available. This lack of data complicates assessing whether homes are priced within an acceptable range for potential investors. Additionally, the Days on Market (DOM) and the percentage of properties that require price cuts are both unspecified, which means there's no clear indication of how competitive the market is for acquiring properties.
Tenant demand in ZIP 95251 is another critical factor. With a total population of 701, only 12.6% of residents are renters. This relatively low percentage suggests that there might not be a robust demand for rental properties, which could impact the occupancy rates and profitability of any investment made in this area.
Verdict: The data gaps concerning market rent and median home values make it challenging to definitively conclude on the feasibility of Section 8 investments in ZIP 95251. While the FMR provides a benchmark, the absence of comparable market data introduces uncertainty. Moreover, the limited renter population poses a risk to maintaining high occupancy rates, which is crucial for the success of rental properties. Landlords and investors must proceed with caution and seek additional local market insights before committing to investments in this ZIP code.
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.