Section 8 Fair Market Rent (FMR) for ZIP 95827 - 2027

Location: Sacramento--Roseville--Arden-Arcade, CA | Metro: Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area

Investment Score for ZIP 95827

D
Monthly Rent (2BR)
$2,250
Median Price (2BR)
$369,910
1% Rule
0.61%
Annual Yield
7.3%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,780
1 Bedroom$1,830
2 Bedrooms$2,250
3 Bedrooms$2,950
4 Bedrooms$3,400
5 Bedrooms$3,944
6 Bedrooms$4,417
7 Bedrooms$4,770
8 Bedrooms$5,009

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $2,250 $369,910 0.61% D
3BR $2,950 $453,164 0.65% D
4BR $3,400 $496,411 0.68% D
5BR $3,944 $575,492 0.69% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
21,742
Median Household Income
$85,841
Housing Units
7,940
Renter Percentage
36.7%
Occupancy Rate
95.0%
Renter Occupied
2,765

The potential pitfalls for landlords investing in ZIP 95827 under the Section 8 program are significant. Tenant turnover poses a substantial risk due to the disparity between the market rent of $1,735 and the Fair Market Rent (FMR) of $2,080 for FY 2024. This difference can lead to tenants seeking higher subsidies, increasing the likelihood of moving when they find a property that fully covers their rental costs through the voucher program. Vacancy exposure is another critical concern, as the Days on Market (DOM) data is currently unavailable, indicating a lack of transparency regarding how quickly properties are rented out. This uncertainty can result in prolonged periods without rental income, which is particularly risky given the typical home value of $475,686 and the median income of $85,841. The latter figure suggests that many residents may struggle to afford housing without assistance, thereby increasing the reliance on Section 8 vouchers.

However, these risks are mitigated by the high renter density in the area, with 36.7% of households being renters. High renter concentration generally translates into robust demand for rental properties, including those that accept Section 8 vouchers. This demand can help stabilize occupancy rates and ensure a steady stream of income for landlords who participate in the program.

A first-time Section 8 landlord in ZIP 95827 faces moderate risk.

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.