Location: Santa Rosa-Petaluma, CA | Metro: Santa Rosa-Petaluma, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,760 |
| 1 Bedroom | $1,940 |
| 2 Bedrooms | $2,550 |
| 3 Bedrooms | $3,500 |
| 4 Bedrooms | $3,740 |
| 5 Bedrooms | $4,338 |
| 6 Bedrooms | $4,859 |
| 7 Bedrooms | $5,248 |
| 8 Bedrooms | $5,510 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 95486 within the Santa Rosa-Petaluma, CA MSA reveals several key insights for landlords and small-portfolio investors.
The Fair Market Rent (FMR) for ZIP 95486 in fiscal year 2024 is set at $2030. However, without specific market rent data, it's challenging to definitively state whether the rent math works. Typically, landlords aim to ensure their rental income aligns closely with or slightly exceeds the FMR to remain competitive and profitable.
Regarding property acquisition affordability, the lack of detailed data on median home values, days on market (DOM), and the percentage of price reductions shared among sellers means that precise conclusions cannot be drawn. This information is crucial for understanding the cost and time associated with acquiring properties in the area.
Tenant demand in ZIP 95486 is robust. With a population of 17,000 and a significant 70.6% of residents being renters, there is a strong pool of potential tenants. This high renter share indicates a healthy market for rental properties, which can support steady occupancy rates and rental income.
Verdict: Despite limited data on market rents and property acquisition costs, the high proportion of renters in ZIP 95486 suggests a favorable environment for landlords and small-portfolio investors. The focus should be on securing properties within or below the $2030 FMR to attract and retain tenants effectively. Further research into local market conditions is recommended to fully assess the financial viability of rental investments in this area.
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.