Location: Mendocino County, CA | Metro: Mendocino County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,360 |
| 1 Bedroom | $1,450 |
| 2 Bedrooms | $1,900 |
| 3 Bedrooms | $2,620 |
| 4 Bedrooms | $2,940 |
| 5 Bedrooms | $3,410 |
| 6 Bedrooms | $3,819 |
| 7 Bedrooms | $4,125 |
| 8 Bedrooms | $4,331 |
U.S. Census Bureau data (2024)
15.9% of residents in ZIP 95427 are renters, indicating a significant portion of the population relies on rental housing. This statistic is crucial for landlords and small-portfolio investors looking to understand the local demand. $1,940 is the Fair Market Rent (FMR) for the metro area in fiscal year 2026, which is the amount set by HUD for determining payment standards in the Section 8 program. This figure represents the maximum rent that can be charged to eligible tenants under the Section 8 voucher program.
$58,421 is the median income for households in ZIP 95427, providing insight into the financial capabilities of potential tenants. While the specific data points for market rent and median home value are not available, the lack of such information does not diminish the importance of the FMR and median income figures in guiding investment decisions.
The absence of data on days on market (DOM) and the percentage of homes that have had their prices cut suggests a stable market where properties are selling at or near their listed prices. For landlords, this stability implies less volatility in property values and rental rates.
In the context of Section 8 participation, the $1,940 FMR serves as a benchmark for setting rents. Landlords should ensure their rental units meet the quality standards required by the program while also being mindful of the 15.9% renter share, which indicates a moderate demand for affordable housing in the area.
Investors considering properties in ZIP 95427 should focus on the $1,940 FMR and the $58,421 median household income when evaluating the viability of Section 8 properties. These figures provide a clear picture of the economic landscape and the potential for successful tenancy.
With these considerations, the verdict on participating in the Section 8 program in ZIP 95427 is positive, given the established demand for rental housing and the defined parameters for fair market rent.
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.