Location: Tuolumne County, CA | Metro: Tuolumne County, CA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,270 |
| 1 Bedroom | $1,450 |
| 2 Bedrooms | $1,840 |
| 3 Bedrooms | $2,410 |
| 4 Bedrooms | $3,080 |
| 5 Bedrooms | $3,573 |
| 6 Bedrooms | $4,002 |
| 7 Bedrooms | $4,322 |
| 8 Bedrooms | $4,538 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,840 | $293,664 | 0.63% | D |
| 3BR | $2,410 | $362,842 | 0.66% | D |
| 4BR | $3,080 | $400,607 | 0.77% | D |
U.S. Census Bureau data (2024)
ZIP code 95346, located in Mi Wuk Village, CA, is situated within the broader Tuolumne County, CA metro area. To understand its position relative to other ZIP codes in the county, we can examine several key metrics: Fair Market Rent (FMR), market rent, home value, and renter share.
The FMR for ZIP 95346 is set at $2,040 for fiscal year 2026. This figure represents the maximum rent that a household receiving Section 8 assistance could pay. In comparison, the market rent in this ZIP code is significantly lower at $1,353. This indicates that there is a gap between what the government considers fair for subsidized housing and what the market dictates, suggesting that 95346 may be a value pocket within its metro area for both landlords and tenants. Landlords can potentially offer rents closer to the market rate while still being within the FMR guidelines, thus attracting more affordable housing seekers without sacrificing too much on rental income.
The median home value in 95346 stands at $337,876. This is notably lower than the average home value across the entire Tuolumne County, which suggests that this ZIP code offers more affordable homeownership options compared to other areas in the county. The combination of a below-average home value and a higher-than-average renter share of 20.1% points to a demographic trend where a significant portion of residents prefer renting over buying. Such a scenario often signifies a sweet spot for Section 8 investments, as it aligns with the program's aim to provide affordable rental housing.
To summarize, based on the provided figures, ZIP code 95346 appears to be a value pocket within the Tuolumne County, CA metro area. It offers lower market rents and home values compared to the broader county, alongside a relatively high renter share. These factors make it an attractive location for landlords looking to participate in the Section 8 program, as it allows for a balance between affordability and profitability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.