Location: Sacramento--Roseville--Arden-Arcade, CA | Metro: Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,660 |
| 1 Bedroom | $1,710 |
| 2 Bedrooms | $2,100 |
| 3 Bedrooms | $2,750 |
| 4 Bedrooms | $3,180 |
| 5 Bedrooms | $3,689 |
| 6 Bedrooms | $4,132 |
| 7 Bedrooms | $4,463 |
| 8 Bedrooms | $4,686 |
The ZIP code 95721, located in Echo Lake, California, has a distinct data signature that sets it apart from other regions. With a total population of only 21 residents, it is one of the least densely populated areas in the state, boasting a population density of just 3 people per square mile. Despite its small size, the median household income in Echo Lake stands at $75,000, placing it in the 32nd percentile among California ZIP codes. The median home value is notably high at $625,000, indicating a relatively affluent community.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP code 95721 is set at $2,020 for fiscal year 2024. However, there is no specific market rent data available for comparison, which suggests that rental activity might be limited in this area. Given the high median home value and low population density, it is likely that the majority of housing units are owner-occupied, with only a small fraction being rented out. In fact, the data shows that only 2 housing units are renter-occupied, representing just 2.1% of the total housing units.
Evaluating the overall data signature, Echo Lake appears to be a stable community. The growth rate projections indicate that the population and households will remain static over the next five years, with no significant changes expected. This stability is further reinforced by the high median home value and the fact that the area ranks first in California for housing affordability, suggesting that Echo Lake is well-suited for those seeking a quiet, affluent environment with little to no transitional pressures.
Data Sources: FMR data from HUD (2027).
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.