Location: Stockton-Lodi, CA | Metro: Stockton-Lodi, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,530 |
| 1 Bedroom | $1,630 |
| 2 Bedrooms | $2,020 |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | $3,380 |
| 5 Bedrooms | $3,921 |
| 6 Bedrooms | $4,392 |
| 7 Bedrooms | $4,743 |
| 8 Bedrooms | $4,980 |
The ZIP code 95378, located in the Stockton-Lodi area of California, presents a unique set of characteristics that make it stand out in the real estate market. Due to the lack of specific demographic data, such as the number of residents, percentage of renters, median income, and median home value, the exact profile of this ZIP remains unclear. However, the analysis of Section 8 voucher economics provides insight into the rental market dynamics.
The Fair Market Rent (FMR) for ZIP 95378 for fiscal year 2024 is set at $1610. This figure represents the maximum amount that a landlord can charge a tenant under a Section 8 housing assistance program. The absence of comparable market rent data means that we cannot directly compare the FMR to local market conditions. However, the FMR is designed to reflect the average rent charged for decent, safe, and sanitary rental units in the area, which implies that the $1610 is a reasonable estimate for the rental market in this ZIP code.
Landlords and small-portfolio investors should be aware that the Section 8 program can provide a stable source of income, especially if the local rental market is volatile. The fixed nature of the FMR ensures that landlords receive consistent rent payments, even when market conditions fluctuate. Additionally, the program covers a significant portion of the rent, typically up to 70%, making it attractive for those who wish to ensure their properties remain occupied without the risk of non-payment.
Given the limited availability of demographic data, the overall data signature for ZIP 95378 appears transitional. Without concrete figures on population, income levels, and home values, it's challenging to assess the stability of the area. Landlords and investors should monitor local trends and consider conducting additional research to better understand the long-term prospects of this ZIP code.
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.