Location: Tuolumne County, CA | Metro: Tuolumne County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,440 |
| 1 Bedroom | $1,640 |
| 2 Bedrooms | $2,070 |
| 3 Bedrooms | $2,690 |
| 4 Bedrooms | $3,460 |
| 5 Bedrooms | $4,014 |
| 6 Bedrooms | $4,496 |
| 7 Bedrooms | $4,856 |
| 8 Bedrooms | $5,099 |
U.S. Census Bureau data (2024)
The neighborhood in ZIP code 95383, which encompasses Twain Harte, CA, is characterized by a relatively small population of 3,782 residents, where only 16.4% are renters. This indicates a primarily owner-occupied community, suggesting a stable and potentially less dynamic rental market. The median household income in this area stands at $86,970, reflecting a middle to upper-middle-class demographic. Correspondingly, the median home value is $395,951, which aligns with the income levels and suggests a comfortable living standard for homeowners.
From an investment perspective, the Federal Market Rent (FMR) for ZIP 95383 is set at $2,040 for fiscal year 2026, while the actual market rent based on Census ACS data is $1,754. This discrepancy between FMR and market rent highlights a potential opportunity for landlords and small-portfolio investors who can leverage the higher voucher rates to increase their rental income without significantly increasing market rents.
Given these economic parameters, ZIP 95383 might be better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The stable demographic and modest rental market suggest that the primary focus should be on maintaining properties and collecting steady, government-backed rental income. There is little indication of a need for extensive property improvements or active management to attract tenants, as the existing conditions already support a reasonable cost of living and income levels that can sustain the current rental environment.
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.