Location: Mendocino County, CA | Metro: Mendocino County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,680 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,610 |
| 5 Bedrooms | $3,028 |
| 6 Bedrooms | $3,391 |
| 7 Bedrooms | $3,662 |
| 8 Bedrooms | $3,845 |
U.S. Census Bureau data (2024)
The ZIP code 95417 stands out distinctly among other areas due to its unique demographic and economic characteristics. With only 220 residents, it has an exceptionally low population density. Notably, there is no rental activity reported, indicating that all residents likely own their homes. This absence of rental data means that figures such as median income and median home value are not available, making it difficult to assess the typical financial status of homeowners in the area.
Turning to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area covering ZIP 95417 is set at $1,710 for fiscal year 2026. However, without a local market rent figure, it's challenging to compare how the FMR stacks up against actual rental rates in the area. The lack of rental properties means that the FMR does not directly impact the local housing market.
Given the data signature, ZIP 95417 can be characterized as stable. The complete absence of rental properties suggests a mature, established community where most residents have already secured homeownership. This stability implies little turnover in the housing market, which is beneficial for landlords and small-portfolio investors looking for consistent returns without the volatility associated with transitional markets.
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.