Location: Siskiyou County, CA | Metro: Humboldt County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
U.S. Census Bureau data (2024)
The classification of ZIP code 95556 hinges on the comparison between the Federal Market Rent (FMR) and the local market rent, along with the proportion of renters and other stability indicators. For fiscal year 2026, the FMR for the metro area stands at $1,340, which is significantly higher than the market rent of $848. This disparity suggests a high-yield potential for rental properties in this area, as landlords can potentially receive rents closer to the FMR when securing tenants through government assistance programs such as Section 8.
Regarding stability, the ZIP code has a substantial 28.2% of its population as renters. While this figure alone does not provide a complete picture of market stability, it indicates that there is a notable segment of the population that relies on rental housing. The absence of data on days on market (DOM) and median income makes a comprehensive assessment challenging, but we can infer that a higher percentage of renters might lead to greater turnover, which could affect the stability of cash flow.
The high-yield characteristic of ZIP 95556 is driven by the difference between the FMR and the market rent. Landlords who participate in the Section 8 program can benefit from this gap, as they can charge higher rents than the typical market rate. However, the low stability inferred from the high percentage of renters and the lack of income data suggest that while yields might be attractive, the market may also present challenges in maintaining consistent occupancy and cash flow.
In conclusion, ZIP 95556 leans towards being a high-yield/low-stability market, akin to a flip-style market where quick returns are possible but long-term stability is less assured. The key figures supporting this analysis are the FMR of $1,340 and the market rent of $848, indicating a significant opportunity for higher rental income. However, the high percentage of renters and missing stability indicators point to a market that requires careful management to sustain profitability over time.
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.