Section 8 Fair Market Rent (FMR) for ZIP 95568 - 2027
Location: Siskiyou County, CA | Metro: Humboldt County, CA
FY 2027 Fair Market Rent Rates
| 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 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 95568 for Section 8 purposes, follow this decision tree:
- 1) Does the Fair Market Rent (FMR) of $1,340 cover the debt service on your property?
- If the FMR of $1,340 does not cover the debt service, then the answer is No. Do not proceed with the purchase.
- If the FMR of $1,340 does cover the debt service, move to the next question.
- 2) Is the market rent above, at, or below the FMR?
- If the market rent is above the FMR, then the answer is It Depends. While there is potential for higher rents, consider the risk of vacancy due to higher costs for tenants.
- If the market rent is at or below the FMR, then the answer is Yes. This aligns well with Section 8 rates and reduces the risk of vacancy.
- 3) Is there sufficient demand with 40.0% of residents being renters and an average of N/A days on the market (DOM)?
- If the DOM is low, indicating quick turnover, then the answer is Yes. There is strong demand for rental properties in this area.
- If the DOM is high, then the answer is No. The high DOM suggests weak demand, making it difficult to find tenants willing to pay the FMR.
- If the DOM is moderate, then the answer is It Depends. Consider other factors such as location, property condition, and competition.
Note: The specific figures for market rent and DOM are missing, which would be critical in making a final decision. Ensure these details are obtained before proceeding.
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.