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)
The ZIP code 95488 stands out due to its unique characteristics that set it apart from other areas. With only 226 residents, it has a minuscule population size, which is further distinguished by the fact that only 3.1% of these residents are renters. This indicates a predominantly owner-occupied area, suggesting strong community ties and long-term residency patterns among the homeowners.
Despite the lack of available data on median income and median home values, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is clearly defined at $1,710. This figure is crucial for landlords and small-portfolio investors considering the use of Section 8 vouchers. Given the absence of market rent data, the FMR serves as a reliable benchmark for rental pricing, ensuring that properties remain accessible to those utilizing housing assistance programs.
The data signature for ZIP 95488 reads as stable. The low percentage of renters suggests a mature neighborhood where most residents own their homes, leading to less turnover and a consistent demand for housing. However, the limited availability of specific economic indicators such as median income and home values could imply that the area is also somewhat transitional, as it might be evolving or facing challenges that affect the collection of comprehensive data. For investors, this means there's potential for growth but requires careful consideration of the local economic context before making decisions based solely on the FMR figure.
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.