Location: Del Norte County, CA | Metro: Del Norte County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,300 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,350 |
| 5 Bedrooms | $2,726 |
| 6 Bedrooms | $3,053 |
| 7 Bedrooms | $3,297 |
| 8 Bedrooms | $3,462 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 95538 in the metro area for fiscal year 2026 is set at $1,390. This figure represents the payment standard for Section 8 housing assistance, meaning that if you participate in the program, the government will pay up to $1,390 per month toward your tenant's rent. However, it is important to note that this does not necessarily reflect the actual rent you can charge.
In ZIP 95538, the local market rent is currently unavailable, but we can still use the FMR to gauge demand and make informed decisions. With a 3.0% renter share, approximately three out of every hundred residents are likely to seek Section 8 assistance. This indicates a steady demand for affordable housing options in the area.
When acquiring a property for Section 8 purposes, the cost can vary widely based on the specific property and its condition. Unfortunately, the exact acquisition cost for properties in ZIP 95538 is also currently unavailable. However, it is crucial to ensure that the FMR covers your expenses, including mortgage payments, maintenance, and other costs associated with owning and managing a rental property.
Before committing to a Section 8 rental, one key thing to verify is the physical condition of the property. The Housing Quality Standards (HQS) require that all units meet certain criteria to be eligible for the program. This includes ensuring that the property is structurally sound, has adequate heating and plumbing, and is free from health hazards. Make sure to conduct a thorough inspection to avoid potential issues down the line.
In summary, the $1,390 FMR is the maximum amount the government will pay toward your tenant's rent. While the local market rent and acquisition costs are not available, the 3.0% renter share suggests a consistent demand for affordable housing. Ensure the property meets HQS requirements to avoid complications.
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.