Location: Humboldt County, CA | Metro: Humboldt County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,590 |
| 5 Bedrooms | $3,004 |
| 6 Bedrooms | $3,364 |
| 7 Bedrooms | $3,633 |
| 8 Bedrooms | $3,815 |
U.S. Census Bureau data (2024)
The ZIP code 95554 presents a unique challenge for renters and landlords alike. Given the median income of $33,125, it's evident that many households struggle to meet the market rate rent, which is unfortunately listed as N/A, indicating either insufficient data or an anomaly in reporting. However, we can draw meaningful insights by comparing the median income to the Fair Market Rent (FMR) standard set at $1,550 for the metro area in fiscal year 2026.
To put this into perspective, let's calculate the affordability gap. Assuming a typical household spends around 30% of their income on housing, a household earning the median income of $33,125 would be able to allocate approximately $993 per month towards rent. This amount is significantly below the FMR of $1,550, highlighting a substantial gap between what renters can afford and what the market demands.
In ZIP 95554, where 21.9% of the 368 residents are renters, the affordability gap translates into fierce competition among landlords. The scarcity of affordable rental units means that landlords who offer reasonable rates will attract more tenants, reducing vacancy periods and increasing demand for their properties.
Considering these factors, landlords in ZIP 95554 should seriously contemplate participating in the Section 8 voucher program. Accepting vouchers that cover up to $1,550 can ensure steady occupancy and a reliable source of income. While voucher payments might seem lower compared to market rates, they provide a stable financial foundation, crucial in a market where the majority of potential tenants cannot afford higher rents.
The takeaway for landlords is clear: in ZIP 95554, the choice between voucher and cash-pay strategies is not just about immediate revenue but also about long-term stability and tenant satisfaction. By aligning with the voucher program, landlords can secure a steady stream of income while providing much-needed affordable housing to the community.
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.