Location: Vallejo, 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 | $1,310 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $2,190 |
| 4 Bedrooms | $2,520 |
| 5 Bedrooms | $2,923 |
| 6 Bedrooms | $3,274 |
| 7 Bedrooms | $3,536 |
| 8 Bedrooms | $3,713 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,670 | $395,141 | 0.42% | F |
| 3BR | $2,190 | $555,304 | 0.39% | F |
U.S. Census Bureau data (2024)
The ZIP code 95690, Walnut Grove, CA, is primarily a renter-heavy area with significant potential for Section 8 tenants. With a population of 2,431, over half (53.8%) of the residents are renters. This high percentage indicates a strong demand for rental properties, particularly those that can accommodate government housing vouchers.
The median household income in Walnut Grove is $90,104, which is relatively high compared to the national average. However, the market rent of $1,533 per month represents a substantial portion of the local income. Specifically, typical rent consumes approximately 17% of the median household income, making it challenging for many residents to afford market-rate rents without assistance.
Comparing the market rent to the Fair Market Rent (FMR), which is set at $1,510 for FY 2024, shows that the market rent slightly exceeds the FMR. This suggests that landlords may need to be flexible with pricing to attract tenants who rely on Section 8 vouchers.
A landlord in Walnut Grove should expect tenants who are likely to have lower incomes and require rental assistance. These tenants will typically have their rent subsidized through Section 8 vouchers, ensuring that they pay only a portion of the total rent based on their income level. The subsidy covers the difference between the tenant's payment and the market rent, up to the FMR limit.
To summarize, ZIP 95690 is well-suited for landlords looking to cater to a renter-heavy market with a high demand for Section 8 vouchers. While the median income is above average, the cost of living, especially rent, is a significant expense for many residents, making them ideal candidates for subsidized housing programs.
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.