Location: Sacramento--Roseville--Arden-Arcade, CA | Metro: Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,990 |
| 1 Bedroom | $2,050 |
| 2 Bedrooms | $2,520 |
| 3 Bedrooms | $3,310 |
| 4 Bedrooms | $3,810 |
| 5 Bedrooms | $4,420 |
| 6 Bedrooms | $4,950 |
| 7 Bedrooms | $5,346 |
| 8 Bedrooms | $5,613 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 95604 in Auburn, CA, for fiscal year 2024 is $2220. However, the market rent data for Auburn, CA, is currently unavailable. This absence of market rent figures makes it challenging to quantify the exact gap between FMR and market rent. Nonetheless, given the context where 100.0% of residents are renters, it is evident that the local rental market is highly dependent on the FMR.
In scenarios where FMR exceeds the market rent, landlords can attract voucher tenants, which can be advantageous for maintaining occupancy levels and generating consistent cash flow. Voucher tenants provide guaranteed payments, reducing the risk of vacancies and delinquencies. For landlords and small-portfolio investors, this can translate into higher yields compared to the open market, especially in areas with high rental dependency like Auburn.
Conversely, if the market rent surpasses the FMR, landlords accepting housing vouchers will need to accept lower-than-market rates, which could reduce their profitability. In such cases, the cost of housing voucher tenants below open-market rates must be weighed against the benefits of stable tenancy and government-backed payments.
Auburn's rental market trends indicate a strong reliance on the rental sector, with no median home value or median income data available. This underscores the importance of understanding the dynamics between FMR and actual market rents to make informed investment decisions.
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.