Location: Mendocino County, CA | Metro: Mendocino County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $2,230 |
| 4 Bedrooms | $2,520 |
| 5 Bedrooms | $2,923 |
| 6 Bedrooms | $3,274 |
| 7 Bedrooms | $3,536 |
| 8 Bedrooms | $3,713 |
U.S. Census Bureau data (2024)
The ZIP code 95415 stands out due to its relatively small population of 956 residents, where nearly half (47.9%) are renters. Despite the lack of specific data on median home values, the median income of $45,147 provides insight into the economic profile of the area. This figure is crucial for understanding the potential demand for affordable housing solutions.
Moving to voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,670. However, without a defined market rent figure, it's challenging to assess the direct impact of this FMR on local rental properties. The absence of a market rent figure could indicate that either the data is not available or that the local rental market dynamics are unique enough to warrant further investigation.
In terms of stability, the data signature for ZIP 95415 reads as transitional. The high percentage of renters and the reliance on median income data suggest a community that is adapting to changes in housing needs and possibly facing challenges in maintaining stable home ownership rates. Landlords and small-portfolio investors should be cautious about relying solely on voucher tenants, as the lack of market rent data might signal volatility in the local rental market. Monitoring trends in both median income and rental rates will be key to making informed decisions about investments and property management strategies in this ZIP code.
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.