Location: Amador County, 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 | $1,410 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,800 |
| 3 Bedrooms | $2,320 |
| 4 Bedrooms | $2,680 |
| 5 Bedrooms | $3,109 |
| 6 Bedrooms | $3,482 |
| 7 Bedrooms | $3,761 |
| 8 Bedrooms | $3,949 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,800 | $412,588 | 0.44% | F |
| 3BR | $2,320 | $511,339 | 0.45% | F |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP 95629, Fiddletown, CA, provides a clear snapshot of potential investment returns. The Fair Market Rent (FMR) for a two-bedroom unit in Fiddletown for FY 2024 is set at $2,020 per month. Annualizing this figure yields a gross annual income of $24,240. Given the median home value in the area is $474,730, the implied gross yield based on the FMR would be approximately 5.1%. This calculation is derived by dividing the annualized rent ($24,240) by the median home value ($474,730).
However, the market rent for a two-bedroom unit in Fiddletown is listed as N/A, which complicates the analysis. Without a specific market rent figure, it's challenging to provide an accurate comparison to the FMR-based yield. In areas where market rents are higher than FMRs, investors might see a more attractive gross yield, potentially exceeding the 5.1% calculated here.
The renter density in Fiddletown stands at 7.6%, indicating a relatively low demand for rental properties. This statistic suggests that landlords might face challenges in maintaining occupancy rates, particularly if they rely solely on Section 8 tenants. The Days on Market (DOM) being N/A further underscores the lack of recent transactional data, making it difficult to assess how quickly properties are typically leased in this area.
Given these factors, the FMR-based scenario of a 5.1% gross yield appears more realistic. While market rents could theoretically offer a better return, the limited data and low renter density suggest that achieving a higher gross yield through market rents alone may be unrealistic without significant improvements or location advantages. Investors should consider these points when evaluating potential returns in Fiddletown, especially when relying on Section 8 housing assistance.
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.