Location: Mendocino County, CA | Metro: Santa Rosa-Petaluma, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,760 |
| 1 Bedroom | $1,940 |
| 2 Bedrooms | $2,550 |
| 3 Bedrooms | $3,500 |
| 4 Bedrooms | $3,740 |
| 5 Bedrooms | $4,338 |
| 6 Bedrooms | $4,859 |
| 7 Bedrooms | $5,248 |
| 8 Bedrooms | $5,510 |
U.S. Census Bureau data (2024)
2380 The Fair Market Rent (FMR) for ZIP 95445, as set by HUD for fiscal year 2024, stands at $2380. This figure represents the maximum amount a landlord can charge for a Section 8 voucher in the area. 2824 In contrast, the actual market rent as reported by the Census Bureau's American Community Survey is $2,824, indicating a premium over the FMR that landlords might typically seek. 605151 With a median home value of $605,151, the housing market in 95445 reflects a higher-end residential area where properties are generally priced above average. 261 A significant portion of the population—26.1%—are renters, suggesting a steady demand for rental properties. 127206 The median household income of $127,206 supports this demand, as it indicates residents have the financial capability to afford higher rents. N/A The data does not provide the exact number of days on market (DOM) for rental listings, but the high median income and substantial renter share suggest that units likely move quickly once listed. N/A Similarly, the percentage of listings that require a price cut is not specified, which could imply that landlords in this area are successful in renting their properties at or near the initial asking price. 2380 Given the FMR and market conditions, landlords in ZIP 95445 should be cautious about pricing their rentals too high if they wish to attract tenants with Section 8 vouchers. 2824 However, for those willing to cater exclusively to the market rate, the higher actual rent figures present an opportunity for greater returns. 605151 The high median home value also suggests potential for appreciation in rental property values, which can be a significant consideration for small-portfolio investors looking to balance short-term rental income with long-term capital gains. 261 With a notable 26.1% renter share, the market remains robust for rental properties. 127206 The strong median income of $127,206 further underpins the viability of rental investments in this ZIP code.
2380 For landlords interested in Section 8 tenants, the FMR of $2380 provides a clear guideline for pricing. 2824 Market-rate landlords should aim for the $2,824 average to maximize their rental income. 605151 Investors should consider the median home value of $605,151 when evaluating the potential for capital appreciation in their rental properties. 261 The substantial renter share of 26.1% ensures a consistent pool of potential tenants. 127206 The median income of $127,206 means that tenants can afford higher rents, reducing the risk of non-payment.
2380 In conclusion, ZIP 95445 offers a mixed landscape for landlords and small-portfolio investors, with Section 8 being viable but potentially limiting in terms of rental income compared to the broader market. 2824 Landlords who can secure market-rate tenants will benefit from higher rents, making 95445 a promising area for those willing to navigate the local rental dynamics.
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.