Location: Yuba City, CA | Metro: Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area
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 | $1,600 |
| 1 Bedroom | $1,650 |
| 2 Bedrooms | $2,030 |
| 3 Bedrooms | $2,660 |
| 4 Bedrooms | $3,070 |
| 5 Bedrooms | $3,561 |
| 6 Bedrooms | $3,988 |
| 7 Bedrooms | $4,307 |
| 8 Bedrooms | $4,522 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,030 | $468,303 | 0.43% | F |
| 3BR | $2,660 | $455,795 | 0.58% | F |
| 4BR | $3,070 | $669,623 | 0.46% | F |
U.S. Census Bureau data (2024)
21.1% of Elverta, CA's residents are renters, reflecting a significant demand for rental properties in ZIP 95626. The $515,279 median home value underscores the area's overall property value, making it an attractive market for real estate investment. However, the $1,451 market rent as reported by the Census ACS indicates that rental prices are below the $2230 Fair Market Rent (FMR) for zip code 95626 in fiscal year 2024, suggesting a potential gap between what the market offers and what HUD deems fair. This disparity could present opportunities for landlords and small-portfolio investors to increase their rental income without exceeding the affordability threshold set by HUD.
The median income of $90,897 provides insight into the financial stability of the local population, which is crucial for assessing the creditworthiness of potential tenants. While this figure does not directly correlate with the ability to pay higher rents, it does indicate a robust economic foundation that supports a variety of housing options, including those within the Section 8 program.
Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the underlying trend suggests that the real estate market in Elverta is stable, with a clear distinction between market rents and HUD's FMR. This stability can be beneficial for investors looking to maintain consistent cash flows and avoid frequent adjustments to their rental pricing strategies.
In conclusion, the data paints a picture of a balanced market where the demand for affordable housing, as indicated by the 21.1% renter share, aligns well with the HUD's FMR of $2230. Given the $1,451 market rent and the $90,897 median income, Elverta appears to be a viable location for Section 8 properties, ensuring both tenant affordability and landlord profitability.
Verdict: Elverta, CA is suitable for Section 8 investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.