Section 8 Fair Market Rent (FMR) for ZIP 95481 - 2027

FY 2027 Fair Market Rent Rates

To determine if a landlord should invest in ZIP code 95481 for Section 8 properties, follow this decision tree:

1) Does FMR $1,710 (metro FY 2026) clear debt service on a property?

• No: If the Fair Market Rent (FMR) of $1,710 does not cover the debt service of a property, investing in ZIP 95481 would not be advisable. Debt service includes mortgage payments, property taxes, insurance, and maintenance costs. Without knowing the specific property's debt service, we cannot proceed further. Landlords must calculate their individual debt service and compare it to the FMR.

2) Is market rent above, at, or below FMR?

• Market rent is unknown: Since the market rent for ZIP 95481 is listed as N/A, it's impossible to make a direct comparison to the FMR. Landlords will need to conduct additional research to determine the local rental market conditions before making an investment decision.

3) Are there enough renters and days on the market (DOM) to meet demand?

• Renter percentage and DOM are unknown: With the percentage of renters and average days on the market being listed as N/A, it's unclear whether there is sufficient demand for Section 8 properties in ZIP 95481. To accurately assess demand, landlords should investigate the local rental market, including vacancy rates and the number of Section 8 eligible households.

The decision to invest in ZIP 95481 for Section 8 properties hinges on having complete and accurate financial and market data. Without this information, it's difficult to provide a definitive recommendation. However, once the missing data points are known, the decision becomes clearer. If the FMR of $1,710 covers debt service and market rents are above or equal to the FMR, and there is adequate demand, then the answer is yes. Otherwise, it depends on the specifics of each situation.

Data Sources: FMR data from HUD (2027).

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.