Location: Lake County, CA | Metro: Lake County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
U.S. Census Bureau data (2024)
The median home value in ZIP 95493, located in Lake County, CA, is $373,800 according to recent data. This figure indicates a strong residential market, but when comparing it to the HUD Fair Market Rent (FMR) of $1,460 for the metro area in fiscal year 2026, the rental landscape appears less favorable.
The lack of specific market rent data for ZIP 95493 makes direct comparisons challenging, but given the median home value, it's reasonable to infer that market rents are likely above the HUD FMR. Voucher tenants in this area would generally cashflow only with premium units, as the FMR may not cover the typical market rent.
To derive the rent-to-price ratio, we can assume a conservative estimate of market rent based on the median home value. If the median home value is $373,800, a typical annual rent might be around 1% of this value, which is approximately $3,738 per year, or $311.50 per month. This means the FMR of $1,460 would be significantly below the expected market rent, further supporting the notion that voucher tenants would struggle to cashflow without premium units.
The median Days on Market (DOM) and the percentage of properties that experience price cuts are not available for ZIP 95493. However, these metrics are crucial for understanding the rent-versus-buy dynamics, especially for investors considering both options.
The strongest investor angle in ZIP 95493 is stability. With a robust median home value and a well-established rental market, investors can expect consistent returns and minimal fluctuations in the housing market, making it an attractive location for long-term investments.
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.