Location: Sacramento--Roseville--Arden-Arcade, 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 | $1,910 |
| 1 Bedroom | $1,970 |
| 2 Bedrooms | $2,420 |
| 3 Bedrooms | $3,170 |
| 4 Bedrooms | $3,660 |
| 5 Bedrooms | $4,246 |
| 6 Bedrooms | $4,756 |
| 7 Bedrooms | $5,136 |
| 8 Bedrooms | $5,393 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,420 | $718,561 | 0.34% | F |
| 3BR | $3,170 | $861,577 | 0.37% | F |
| 4BR | $3,660 | $1,054,368 | 0.35% | F |
| 5BR | $4,246 | $1,304,909 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 95693, encompassing Wilton, CA, presents a dynamic rental market that reflects broader housing pressures. The Fair Market Rent (FMR) for the area stands at $2240 for the fiscal year 2024, indicating a higher benchmark set by the government for housing affordability. In contrast, the actual market rent, as reported by the Census ACS, is $1,618. This suggests a scenario where the rental market is below the government's affordability standards, potentially signaling a market where demand is not fully meeting the supply, but still within a reasonable range.
The median home value in Wilton is $940,680, which places it in a relatively high-value bracket compared to many other areas. This could imply that the local economy supports higher property values, possibly due to strong job markets or desirable living conditions. However, without specific data on price-cut shares or days on market (DOM), we cannot definitively conclude whether there is an excess of supply over demand. These missing metrics would provide clearer insights into how quickly properties are selling and if sellers are adjusting their prices to facilitate sales.
The 8.6% renter share highlights a significant trend in the area. A lower percentage of renters relative to homeowners can indicate a stable housing environment, but it also points to potential long-term housing pressure. If fewer residents choose to rent, it could be because they are finding it feasible to purchase homes despite the high median value. Conversely, it might suggest that the rental market is less active, with fewer units available or higher costs deterring potential renters. This low renter share could mean that any increase in rental demand would put upward pressure on rents, as seen by the gap between the FMR and market rent.
In summary, ZIP 95693 exhibits a rental market that is currently underpriced relative to government benchmarks, suggesting a balance between supply and demand. The high median home value and low renter share indicate a strong preference for homeownership, which could translate into increased competition for rental properties when the need arises, driving up rents. Landlords and small-portfolio investors should monitor these trends closely, particularly focusing on any changes in the renter share and median home value, to navigate the market effectively.
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.