Location: Lake County, CA | Metro: Lake County, CA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,410 |
| 5 Bedrooms | $2,796 |
| 6 Bedrooms | $3,132 |
| 7 Bedrooms | $3,383 |
| 8 Bedrooms | $3,552 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,100 | $124,730 | 0.88% | C |
| 2BR | $1,440 | $203,939 | 0.71% | D |
| 3BR | $1,990 | $303,081 | 0.66% | D |
U.S. Census Bureau data (2024)
29.9% of residents in Lucerne, CA, live as renters, indicating a significant portion of the population relies on rental housing. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,330, which is slightly below the market rent of $1,408 as reported by the Census ACS. This suggests that landlords who align their rental rates with the FMR can still remain competitive while ensuring compliance with HUD guidelines. The median home value stands at $241,939, reflecting the overall property values in the area. Landlords should note that the median income in the area is $57,674, which provides context for the affordability of rents. Despite the absence of specific data regarding days on market (DOM), the price-cut share is only 0.1%, implying that properties in Lucerne generally hold their value without needing significant adjustments. These figures collectively paint a picture of a stable rental market where Section 8 vouchers can effectively support tenants. The current landscape supports landlords accepting Section 8 vouchers, as it ensures a steady stream of reliable rental income. In conclusion, given the data points, accepting Section 8 vouchers in Lucerne, CA, is a viable strategy for landlords.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.