Location: Yolo, CA | Metro: Yolo, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,900 |
| 3 Bedrooms | $2,630 |
| 4 Bedrooms | $2,870 |
| 5 Bedrooms | $3,329 |
| 6 Bedrooms | $3,728 |
| 7 Bedrooms | $4,026 |
| 8 Bedrooms | $4,227 |
U.S. Census Bureau data (2024)
The ZIP code 95679 presents several challenges for potential Section 8 landlords. Tenant turnover could be higher due to the discrepancy between the market rent and the Fair Market Rent (FMR) of $1980 set for FY 2024. This mismatch can lead to dissatisfaction among tenants who might seek more affordable housing options elsewhere, thus increasing the likelihood of frequent moves.
Vacancy exposure is another concern. With an average Days on Market (DOM) figure unavailable, it's difficult to predict how long a property might remain unoccupied between tenancies. Vacancies can significantly impact cash flow, especially if they occur frequently or last for extended periods.
Deferred maintenance is also a risk factor. The lack of specific data on typical home values and median incomes suggests that residents may struggle to maintain their homes at the standard required by Section 8 programs. This could result in higher maintenance costs for landlords, who are responsible for ensuring properties meet health and safety standards.
However, these risks must be weighed against the unique advantage of the area's extremely low renter share, which stands at 0.0%. Typically, high renter density correlates with greater demand for rental housing, including Section 8 vouchers. Despite the scarcity of renters, the presence of any voucher holders could mean a stable source of tenants willing to pay a fixed amount through the program, mitigating some of the financial unpredictability.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.