Location: Santa Rosa-Petaluma, CA | Metro: Santa Rosa-Petaluma, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,980 |
| 1 Bedroom | $2,160 |
| 2 Bedrooms | $2,820 |
| 3 Bedrooms | $3,900 |
| 4 Bedrooms | $4,300 |
| 5 Bedrooms | $4,988 |
| 6 Bedrooms | $5,587 |
| 7 Bedrooms | $6,034 |
| 8 Bedrooms | $6,336 |
The Section 8 market analysis for ZIP code 95402 reveals a challenging environment for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) for this area in fiscal year 2024 is $2380 per month. However, the market rent data is currently unavailable, which makes it difficult to accurately compare the HUD FMR to what is typically charged for rental properties in the area.
Based on the available HUD FMR, voucher tenants will generally only cashflow with premium units. This means that landlords should expect to offer above-average quality properties to attract these tenants and ensure positive cash flow. The median home value data is also not provided, but typically, the rent-to-price ratio can be used to gauge whether renting or buying is more financially advantageous. Without this data, it's hard to provide a precise rent-to-price ratio, but in areas where market rents are lower than the HUD FMR, renting becomes a more attractive option for potential buyers.
The days on market (DOM) and price cut percentage data are not available for this analysis. These metrics would normally help understand how quickly properties sell and at what discount, which can influence the decision-making process for investors considering whether to buy or rent out their properties. In the absence of these figures, we rely on other indicators such as the FMR and market rent trends to guide our analysis.
The strongest investor angle in ZIP code 95402 is likely stability. Given the reliance on premium units for positive cash flow and the lack of recent market rent data, the predictability of government-set rental rates provides a stable income source. Landlords can expect consistent, though modest, returns from voucher tenants in this region, making it an attractive option for those seeking reliable long-term investments.
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.