Location: Yolo, CA | Metro: Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
U.S. Census Bureau data (2024)
The ZIP code 95615 presents a dynamic rental market, driven by a balance between the Fair Market Rent (FMR) and the actual market rent. With an FMR set at $1300 for the fiscal year 2024, the area reflects a higher benchmark compared to the current market rent of $1,032 reported by the Census ACS. This discrepancy suggests that the rental market in 95615 is currently below the federally established fair market level, indicating potential upward pressure on rents.
The median home value of $584,036 offers insight into the overall economic status of the area. However, the lack of specific data regarding the percentage of price cuts and days on market (DOM) makes it challenging to pinpoint whether supply outpaces demand or vice versa. Nonetheless, the high median home value could imply a robust local economy, potentially supporting higher rents over time.
A noteworthy figure is the 44.4% share of renters in the area. This significant portion of the population relying on rentals points to a substantial long-term housing pressure. Landlords and small-portfolio investors should be aware that a high renter share can indicate a persistent demand for rental properties, which could lead to steady occupancy rates and possibly gradual rent increases.
In summary, ZIP 95615 operates under a rental market that is likely to experience upward pressure due to the gap between the FMR and the current market rent. The high median home value suggests a strong economic foundation, while the considerable renter share indicates sustained demand for rental properties. These factors collectively frame 95615 as a market in motion, with inherent dynamics favoring the stability and growth of rental investments.
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.