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 | $1,570 |
| 1 Bedroom | $1,620 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,610 |
| 4 Bedrooms | $3,010 |
| 5 Bedrooms | $3,492 |
| 6 Bedrooms | $3,911 |
| 7 Bedrooms | $4,224 |
| 8 Bedrooms | $4,435 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,620 | $388,981 | 0.42% | F |
| 2BR | $1,990 | $455,291 | 0.44% | F |
| 3BR | $2,610 | $506,938 | 0.51% | F |
| 4BR | $3,010 | $564,922 | 0.53% | F |
U.S. Census Bureau data (2024)
ZIP code 95817, located in Sacramento, CA, falls within the larger Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 95817 is set at $1,800 for fiscal year 2024, which is slightly below the area's market rent of $1,990. This indicates that rental properties in 95817 may be somewhat less expensive compared to the broader metropolitan average.
The median home value in ZIP 95817 stands at $474,043, which is likely representative of the typical home values found across the Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area. However, with a renter share of 62.7%, this ZIP code has a notably higher proportion of renters compared to the average metropolitan area, which typically ranges around 50% to 60%.
Given the data points provided, ZIP 95817 can be considered a value pocket within its metro area. The lower FMR compared to market rent suggests that there might be opportunities for landlords to offer competitive rents while still remaining within the FMR guidelines. Additionally, the higher-than-average renter share, combined with below-metro home values, signals a potential sweet spot for Section 8 investments. Landlords and small-portfolio investors should find the area attractive due to its balance between affordability and demand for rental housing.
To summarize:
The combination of these factors makes ZIP 95817 a promising location for those interested in Section 8 real estate, particularly given its strategic position within a larger metropolitan area that offers both urban amenities and suburban living.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.