Location: Tuolumne County, CA | Metro: Tuolumne County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,080 |
| 4 Bedrooms | $2,670 |
| 5 Bedrooms | $3,097 |
| 6 Bedrooms | $3,469 |
| 7 Bedrooms | $3,747 |
| 8 Bedrooms | $3,934 |
The ZIP code 95347 in Unknown, CA presents several challenges for landlords considering Section 8 investments. Firstly, the tenant turnover rate is unclear due to the absence of market rent data, which makes it difficult to predict the stability of tenancy. The Fair Market Rent (FMR) for the area is set at $1,590 for fiscal year 2026, based on metro averages. This figure is crucial for setting rental prices that align with government standards but does not provide insight into local market dynamics.
Vacancy exposure is another significant risk factor. With no data available on the average days on market (DOM), landlords cannot accurately gauge how long it might take to fill vacancies. This uncertainty can lead to periods of reduced cash flow, impacting overall profitability. Additionally, the lack of information regarding the typical home value and median income in the area means that landlords have limited visibility into the financial health of potential tenants and the broader economic conditions that might affect maintenance and repair obligations.
Despite these risks, there is a notable opportunity in the high concentration of renters in the area. While the exact percentage of the renter share is not specified, high renter density generally indicates strong demand for rental properties, including those utilizing Section 8 vouchers. This demand can help mitigate some of the risks associated with vacancy and tenant turnover, as there is likely to be a steady pool of qualified applicants.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 95347. The lack of detailed local data poses challenges, but the high renter population offers a buffer against some of these uncertainties.
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.