Location: Del Norte County, CA | Metro: Del Norte County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
U.S. Census Bureau data (2024)
The ZIP code 95543 presents several challenges for landlords considering participation in the Section 8 program. First, tenant turnover is a significant concern due to the disparity between the market rent and the Fair Market Rent (FMR) of $1,130 set for FY 2026 in the metro area. Landlords might find it difficult to attract tenants willing to pay the lower FMR rate, which could lead to higher turnover rates compared to properties rented at market value.
Vacancy exposure is another risk factor. With no data available on the number of days on market (DOM), landlords cannot accurately gauge how long their property might remain vacant. This uncertainty can result in lost rental income and increased expenses related to vacancy, such as property maintenance and marketing costs.
Deferred-maintenance exposure is also a consideration. The median income in ZIP 95543 is $50,203, which suggests that residents may have limited funds for maintenance and repairs. This could translate into higher repair costs for landlords if they must cover these expenses to keep the property up to code and habitable.
Despite these risks, there are factors that mitigate them. The renter share in ZIP 95543 is 5.9%, indicating a high concentration of renters. High renter density typically correlates with greater demand for housing vouchers, which can provide a steady stream of tenants through the Section 8 program. This demand can help stabilize occupancy and reduce the likelihood of extended vacancies.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.