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)
ZIP code 95429, located within Mendocino County, CA, presents unique characteristics when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for the area stands at $1,550 for fiscal year 2026, which is a critical figure for understanding rental market dynamics.
While specific data on market rent and home values for ZIP 95429 is currently unavailable, the FMR provides a benchmark for assessing affordability. In Mendocino County, ZIP codes with an FMR of $1,550 generally indicate areas where rental costs are relatively stable and may be slightly below the average for the broader county, suggesting a potentially value-oriented neighborhood.
The renter share of 0.0% is notably low, indicating that very few residents in ZIP 95429 rent their homes. This contrasts sharply with typical ZIP codes in Mendocino County, where renter shares are higher. The absence of market rent and home value data makes it challenging to draw direct comparisons; however, the low renter share suggests that homeownership is the predominant form of residence in this area.
In the context of Section 8 analysis, ZIP 95429 does not appear to be a sweet spot due to its low renter share. A significant proportion of renters typically indicates a higher demand for affordable housing options, which is crucial for Section 8 properties. However, the FMR of $1,550 can still be leveraged by landlords and small-portfolio investors who are willing to participate in the Section 8 program, ensuring that rents remain within a reasonable range for low-income families.
The lack of available market rent and home value data for ZIP 95429 suggests that it might be a less populated or rural area within Mendocino County. Such areas often have fewer rental properties and a stronger focus on homeownership, which aligns with the observed 0.0% renter share. Consequently, ZIP 95429 can be classified as a value pocket within the county, given its stable FMR and the potential for lower competition among rental properties.
To gain a clearer understanding of how ZIP 95429 compares to other areas in Mendocino County, further investigation into local real estate trends and the availability of rental units would be beneficial. Landlords and investors should consider the broader implications of the FMR and the limited number of renters when making investment decisions 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.