Location: Mendocino County, CA | Metro: Humboldt County, CA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,520 |
| 5 Bedrooms | $2,923 |
| 6 Bedrooms | $3,274 |
| 7 Bedrooms | $3,536 |
| 8 Bedrooms | $3,713 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,550 | $379,105 | 0.41% | F |
U.S. Census Bureau data (2024)
The ZIP code 95589, encompassing Whitethorn, CA, reveals a housing market characterized by subtle yet significant dynamics. The Fair Market Rent (FMR) for the area stands at $1,450 as of metro fiscal year 2026, while the actual market rent reported by the Census ACS is lower at $1,167. This discrepancy suggests that the rental market is somewhat undervalued compared to government standards, indicating a potential for upward pressure on rents if the market adjusts.
A price-cut share of just 0.2% implies that very few properties are being discounted, which typically signals a market where demand is close to or slightly exceeding supply. Landlords and investors should take note that the lack of days on market (DOM) data could indicate either a highly efficient market or an underreported aspect of property listings. However, the median home value of $367,330 provides a stable reference point for the overall property valuation in the area.
The 28.6% renter share in ZIP 95589 points to a substantial portion of the population who prefer or require rental housing. This figure suggests long-term housing pressure, as a higher percentage of renters can lead to sustained demand for rental units. Over time, this dynamic could push both rental rates and home values upwards as the demand for housing remains steady.
In summary, the market in ZIP 95589 is in motion, with signs pointing towards a balance between supply and demand that leans slightly towards demand. The low price-cut share and the gap between FMR and market rent suggest a market poised for adjustment, while the significant renter share indicates a long-term trend of housing pressure that favors investors looking to capitalize on rental income and property appreciation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.