Section 8 Fair Market Rent (FMR) for ZIP 95812 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 95812, located in Sacramento, California, is a part of a diverse urban landscape that offers both opportunities and challenges for real estate investors. The area is characterized by its mix of residential neighborhoods and proximity to downtown Sacramento, making it a viable location for those interested in the housing market.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 95812 for fiscal year 2024 is set at $2030. This figure represents the government's benchmark for rental affordability and is crucial for landlords participating in Section 8 programs.
• The specific data for market rent in ZIP 95812 is currently unavailable, indicating a need for further local research to understand the competitive pricing landscape.
• The median home value in ZIP 95812 is also not available, suggesting that the area may have a significant portion of renters rather than homeowners.
• The exact percentage of the population that rents versus owns their homes is not provided, but given the lack of median home value data, it's likely that a substantial share of residents are renters.
• The Days on Market (DOM), which indicates how long properties typically stay on the market before being sold, is not available for ZIP 95812, making it difficult to assess the speed of property turnover in the area.
• The median household income for ZIP 95812 is not specified, which could be important for understanding the financial capacity of potential tenants or buyers.

In summary, ZIP 95812 presents a rental market with a defined benchmark for affordability through the Fair Market Rent, but lacks detailed data on market rent, median home values, and other key metrics such as the percentage of renters, DOM, and median income. For investors looking to participate in the Section 8 program, setting rents at or below the FMR of $2030 can ensure compliance and attract eligible tenants. However, without comprehensive local market data, thorough due diligence is necessary to fully understand the dynamics and potential profitability of investing in this area.

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.