Location: Lake County, CA | Metro: Lake County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
U.S. Census Bureau data (2024)
43.5% of residents in ZIP code 95443 are renters, indicating a significant portion of the population relies on rental housing. This statistic underscores the potential demand for rental properties in the area. However, the market rent data is currently unavailable, which makes it challenging to compare against the federally determined Fair Market Rent (FMR) of $1,360 for the metro area in fiscal year 2026. Despite this gap, the median home value stands at $275,922, offering a benchmark for property values in the region. The absence of median income data suggests a need for further research to understand the financial capabilities of the local tenants. With no available days on market (DOM) or percentage of price-cut share information, it's difficult to gauge the current competitiveness and pricing dynamics of the rental market. To make informed decisions, investors should consider these figures alongside the federally set FMR, which can influence rental subsidies and tenant eligibility. The lack of detailed market-specific data points to a reliance on broader regional metrics for investment analysis.
Given the federal fair market rent of $1,360 and a substantial 43.5% renter share, landlords and small-portfolio investors should be aware of the potential benefits and constraints associated with Section 8 participation. The median home value of $275,922 provides a reference point for property acquisition costs but does not directly inform on rental income potential without knowing local rent levels. In conclusion, while the federally determined FMR offers a guideline, the incomplete local data necessitates careful consideration and due diligence before making investment decisions. For ZIP 95443, the verdict on Section 8 is cautious engagement, leveraging the FMR while seeking additional local insights to ensure profitability and compliance.
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.