Location: Mendocino County, CA | Metro: Mendocino County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,680 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,610 |
| 5 Bedrooms | $3,028 |
| 6 Bedrooms | $3,391 |
| 7 Bedrooms | $3,662 |
| 8 Bedrooms | $3,845 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 95456 in the metro area for fiscal year 2026 is set at $1,710. This figure represents the maximum amount that a landlord can receive from the Housing Choice Voucher program, commonly known as Section 8, for renting a unit to a qualified tenant. It's important to note that this is the payment standard, not the actual rent you charge your tenants.
In comparison, the average rent for ZIP 95456, based on Census American Community Survey (ACS) data, is $843. This indicates that the FMR is significantly higher than the typical market rate, which can be advantageous for landlords participating in the Section 8 program. The higher FMR helps cover the costs associated with maintaining properties and provides a stable income stream.
The 38.6% renter share in ZIP 95456 suggests strong demand for rental housing. With nearly 4 out of every 10 residents being renters, there is a substantial pool of potential tenants who could benefit from Section 8 vouchers. This high percentage of renters also implies that competition for rental units is robust, making it easier for landlords to fill vacancies.
When considering the acquisition cost of a property in ZIP 95456, the median home value stands at $736,432. This figure reflects the financial investment required to purchase a property suitable for Section 8 tenancy. While this may seem high, it's crucial to evaluate the long-term benefits of steady rental income against the initial investment.
Before proceeding with a Section 8 rental, one critical step is to verify whether your property meets the local housing quality standards. These standards ensure that the rental unit is safe, habitable, and in good repair. Compliance with these requirements is mandatory to participate in the program and maintain eligibility for receiving voucher payments.
In summary, the FMR of $1,710 offers a clear advantage over the local average rent of $843, while the 38.6% renter share signals a healthy demand for rentals. The median home value of $736,432 provides insight into the acquisition cost, and ensuring your property meets housing quality standards is essential for success in the Section 8 program.
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.