Section 8 Fair Market Rent (FMR) for ZIP 95344 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 95344, located in California, is a region characterized by its suburban charm and proximity to urban amenities, making it an attractive location for both residents and investors. The area benefits from a mix of residential properties, including single-family homes and multi-unit buildings, which cater to various living preferences.

• Fair Market Rent (FMR): $1420 - For the fiscal year 2024, the Fair Market Rent for a two-bedroom apartment in ZIP 95344 is set at $1420. This figure provides a benchmark for rental pricing that landlords should consider when setting their own rates.
• Market Rent: Not Available - Unfortunately, specific data on the current market rent for ZIP 95344 is not available. However, the FMR can serve as a reasonable proxy for expected rental values.
• Median Home Value: Not Available - The median home value in ZIP 95344 is currently not reported, indicating either limited data or a relatively new housing market.
• Renter Share: Not Available - Information regarding the percentage of renters in the area is not available, which means we cannot determine the exact proportion of tenants versus homeowners.
• Days on Market (DOM): Not Available - There is no data available on the average number of days it takes for a property to be rented out, which could affect the cash flow and investment strategy for landlords.
• Median Income: Not Available - Without specific data on the median income of the residents, it's challenging to gauge the affordability of the rents and the potential demand for different types of housing.

Given the available data, landlords and small-portfolio investors in ZIP 95344 can use the Fair Market Rent of $1420 as a guideline for pricing their two-bedroom units. Despite the lack of current market rent data, this benchmark remains a useful tool. The absence of other key metrics such as median home value and renter share suggests a need for further research to fully understand the local housing dynamics. Investors should closely monitor the local real estate trends and economic indicators to make informed decisions about their investments in this area.

Data Sources: FMR data from HUD (2027).

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.