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 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 95412, located within the Santa Rosa-Petaluma, CA MSA, reveals key insights for landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for ZIP 95412 in fiscal year 2024 is set at $2030. However, the market rent data is currently unavailable. This lack of comparative data makes it difficult to assess the profitability strictly based on rental income alone. Landlords should monitor local market trends closely to ensure their rental rates remain competitive and sustainable.
Moving on to the affordability of acquisitions, the median home value in ZIP 95412 is $932,165. Without specific data on the number of days on market (DOM) and the percentage of homes that required a price cut, it's challenging to provide a comprehensive assessment. Nonetheless, a high median home value suggests that the cost of entry into this market is substantial, which could be a barrier for some investors looking to acquire properties. It would be prudent to investigate further into recent sales trends and any necessary price reductions to gauge the overall market conditions accurately.
Regarding tenant demand, the ZIP code has a total population of 331, with 40.9% of residents being renters. Despite the small population size, the relatively high renter share indicates a steady demand for rental properties. Landlords can expect a reasonable pool of potential tenants, though the limited number of residents means competition among rental properties could be intense.
In summary, while the rent math is partially obscured by missing market rent data, the significant median home value of $932,165 implies a costly acquisition environment. Nevertheless, the strong tenant demand, represented by a 40.9% renter share, offers a promising outlook for landlords willing to invest in this ZIP code. Investors should proceed with caution, considering the high property values and the need for thorough due diligence on rental pricing and market dynamics.
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.