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)
0.0% of the residents in ZIP code 95463 are renters, indicating a predominantly owner-occupied market. This statistic highlights a unique challenge for landlords and small-portfolio investors looking to enter or expand in this area. Despite the low renter share, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $1,710, which represents the upper limit for Section 8 rental assistance payments. However, the absence of specific data on market rent and median home value suggests that the local real estate market may not be fully captured by standard metrics, possibly due to its niche nature or limited data availability.
The lack of detailed data such as median income and days on market (DOM) makes it difficult to assess the financial health and demand dynamics of the local population. Without these key indicators, investors must rely on other sources of information to gauge the potential profitability and occupancy rates of rental properties in this area. The zero percent price-cut share further underscores the stability of property values, as there is no indication of downward pressure on pricing in the rental market.
In conclusion, while the $1,710 FMR provides a benchmark for rental pricing, the overall picture in ZIP code 95463 is clouded by missing data points critical for informed investment decisions. The extremely low renter share poses a significant barrier to entry for landlords and small-portfolio investors, making this area less attractive for traditional rental investments.
Section 8 Verdict: Not recommended for Section 8 investors due to the exceptionally low renter share and lack of comprehensive market data.
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.