Location: Sacramento--Roseville--Arden-Arcade, CA | Metro: Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,490 |
| 1 Bedroom | $1,530 |
| 2 Bedrooms | $1,880 |
| 3 Bedrooms | $2,460 |
| 4 Bedrooms | $2,840 |
| 5 Bedrooms | $3,294 |
| 6 Bedrooms | $3,689 |
| 7 Bedrooms | $3,984 |
| 8 Bedrooms | $4,183 |
U.S. Census Bureau data (2024)
The ZIP code 95717 presents a unique challenge for renters and landlords alike. The median income being reported as N/A suggests a lack of comprehensive data on the economic status of households within this area. However, the absence of median income data does not obscure the fact that the market rate for housing is also listed as N/A, indicating an incomplete picture regarding rental affordability.
In contrast, the Fair Market Rent (FMR) for ZIP 95717 in fiscal year 2024 is set at $1890. This figure represents the maximum amount that a household receiving a housing voucher would be able to pay towards rent. Given that 45.5% of the residents are renters and the total population is 55, it's evident that there is a significant demand for affordable housing options within this community.
The affordability gap becomes apparent when comparing the FMR to the unknown market rates. If the market rate were significantly higher than $1890, it would imply that many renters could not afford the average cost of housing without assistance. This scenario would lead to increased competition among landlords who accept vouchers, as these units would become essential for those seeking stable housing.
Landlords in ZIP 95717 should consider the following strategy: accepting vouchers can provide a steady stream of income, especially if the market rate is indeed higher than the FMR. While voucher payments might be slightly less than cash-paying tenants, the security and reliability they offer can outweigh the risks associated with vacancy and unstable tenancy. Moreover, with over 45% of the population renting, there is a strong likelihood that cash-paying tenants will be few and far between, making voucher acceptance a practical necessity for maintaining occupancy and profitability.
Takeaway: For landlords and small-portfolio investors, the key to success in ZIP 95717 lies in understanding and embracing the voucher system. Given the high percentage of renters and the limited data on median income and market rates, focusing on voucher acceptance ensures a stable tenant base and aligns with the financial realities faced by many local residents.
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.