Location: Yolo, CA | Metro: Yolo, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,660 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $2,140 |
| 3 Bedrooms | $2,960 |
| 4 Bedrooms | $3,100 |
| 5 Bedrooms | $3,596 |
| 6 Bedrooms | $4,028 |
| 7 Bedrooms | $4,350 |
| 8 Bedrooms | $4,568 |
The ZIP code 95617 in Yolo County, California, presents a unique scenario due to the lack of specific demographic data points such as resident count, rental percentage, median income, and median home value. However, the economic viability of Section 8 housing vouchers can still be assessed through the Federal Market Rent (FMR) which stands at $1980 for the fiscal year 2024. This figure serves as a benchmark for determining the amount of rent assistance that can be provided to eligible low-income families.
In the absence of precise local market rent data, the FMR provides a useful approximation for understanding the rental dynamics within ZIP 95617. Landlords should note that the FMR is adjusted annually and reflects the average gross rent for a standard unit in the area. It includes utilities unless the local public housing agency (PHA) determines otherwise, which could impact the total amount of rent subsidy available.
The voucher economics in ZIP 95617 indicate that landlords who participate in the Section 8 program can expect to receive a payment standard of $1980 per month, assuming the PHA uses the FMR as the basis for its calculations. This means that the rent for a Section 8 tenant would be capped at this amount, or slightly higher if the landlord negotiates an exception with the PHA.
Given the limited availability of specific data points, it's challenging to definitively label ZIP 95617 as either stable or transitional. However, the reliance on federal guidelines such as the FMR suggests a level of standardization and predictability in the rental market, which can be beneficial for landlords and small-portfolio investors seeking consistent income streams. Participation in the Section 8 program requires compliance with HUD regulations and can offer a steady stream of tenants, although it also involves administrative overhead and potential delays in processing payments.
Data Sources: FMR data from HUD (2027).
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.