Section 8 Fair Market Rent (FMR) for ZIP 95528 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 95528, located in the heart of the Central Valley in California, offers a unique blend of affordability and accessibility. Known for its agricultural heritage and growing suburban development, this area has become attractive to both families and renters seeking a quieter alternative to urban living.

• The Fair Market Rent (FMR) for ZIP 95528 in fiscal year 2026 is set at $1,550. This figure reflects the maximum amount that a household earning 80% of the area median income can afford for housing under the Section 8 program.
• The actual market rent in the area is lower, standing at $1,250 according to the latest Census American Community Survey (ACS) data. This indicates that there is room for slight price increases without deterring potential tenants.
• The median home value in ZIP 95528 is $350,741. This suggests a stable housing market where property values have remained consistent, providing a solid foundation for investment.
• Renters make up 18.8% of the population in this ZIP code. While this percentage is relatively low, it still represents a significant portion of the market and shows potential for growth as the area continues to develop.
• The median income for households in ZIP 95528 is $55,481. This provides insight into the purchasing power of residents and their ability to cover rental costs or mortgage payments.
• The days on market (DOM) for properties is not applicable (N/A) due to limited data. However, given the stability of the housing market, it's likely that listings move quickly once they're priced correctly.

Investors looking to enter the ZIP 95528 market should focus on properties that can be rented out at rates close to the FMR but below the set limit. With a median home value that is stable and a median income that supports rental costs around $1,250, there is a strong basis for profitable rentals. The slightly lower market rent compared to the FMR also suggests a good opportunity to capture a segment of the market that might be underserved. Given the area's ongoing development and the balance between affordability and accessibility, investing in rental properties here can yield steady returns.

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.