Location: Lake County, CA | Metro: Lake County, CA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,240 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $2,240 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,620 | $277,792 | 0.58% | F |
The ZIP code 95424 is located in an area known as Unknown, CA. This neighborhood lacks detailed demographic data, including its total population and the percentage of residents who are renters. However, we do know the median income is unspecified, while the median home value stands at $265,080. This figure gives us a solid reference point for understanding the housing market's valuation in the area.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,550. Unfortunately, the exact market rent for ZIP 95424 is also unspecified, leaving us without a direct comparison between the two. Despite this gap in information, the FMR provides a benchmark for what landlords can expect to receive through Section 8 vouchers in the region.
Given the limited data available, it's challenging to definitively categorize ZIP 95424 as suitable for either hands-off voucher operators or hands-on value-add buyers. The median home value suggests a moderate price range, which could be attractive to both types of investors. For hands-off operators, the consistency provided by Section 8 vouchers, particularly at the FMR rate of $1,550, offers a predictable revenue stream with less need for active property management. On the other hand, for hands-on buyers looking to add value, the potential to increase the property's worth beyond the median value or improve rental income above the FMR presents opportunities for growth and profit.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31).
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.