Location: Mendocino County, CA | Metro: Mendocino County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,620 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,260 |
| 3 Bedrooms | $3,130 |
| 4 Bedrooms | $3,500 |
| 5 Bedrooms | $4,060 |
| 6 Bedrooms | $4,547 |
| 7 Bedrooms | $4,911 |
| 8 Bedrooms | $5,157 |
U.S. Census Bureau data (2024)
The classification of ZIP code 95460 hinges on the interplay between rental yield and market stability, as indicated by the provided figures. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $2,270, while the market rent stands at $1,890. This discrepancy suggests a potential for higher yields if properties can command the metro FMR, but it also introduces volatility due to the lower actual market rent.
Average home values in ZIP 95460 are notably high at $897,764, which places significant financial risk on any investment property. This figure is indicative of a relatively affluent neighborhood where homeownership is prevalent, as only 25.8% of residents are renters. The median household income of $73,576 supports the high home values and suggests that tenants can afford higher rents, but the lack of data on days on market (DOM) makes it difficult to assess how quickly rental vacancies might be filled.
Given these specifics, ZIP 95460 leans towards being a steady-cashflow zone. The high median income and reasonable market rent suggest that landlords can expect consistent rental income. However, the gap between the metro FMR and the market rent indicates that achieving the highest possible yield may require strategic management to attract tenants willing to pay closer to the metro rate. The high home values also mean that any investment will carry substantial capital costs, making it less suitable for high-risk, high-reward "flip-style" markets.
To summarize, the key figures driving this assessment are the $1,890 market rent, $73,576 median income, and $897,764 average home value. These numbers indicate a stable but not exceptionally high-yield market, ideal for those seeking reliable cash flow rather than rapid appreciation or turnover.
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.