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 | $2,080 |
| 1 Bedroom | $2,140 |
| 2 Bedrooms | $2,630 |
| 3 Bedrooms | $3,450 |
| 4 Bedrooms | $3,980 |
| 5 Bedrooms | $4,617 |
| 6 Bedrooms | $5,171 |
| 7 Bedrooms | $5,585 |
| 8 Bedrooms | $5,864 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,630 | $455,923 | 0.58% | F |
| 3BR | $3,450 | $532,456 | 0.65% | D |
| 4BR | $3,980 | $616,201 | 0.65% | D |
| 5BR | $4,617 | $736,753 | 0.63% | D |
U.S. Census Bureau data (2024)
The ZIP code 95829 in Sacramento, CA, presents a dynamic rental market with the Fair Market Rent (FMR) set at $2530 for fiscal year 2024, while the actual market rent, as indicated by ZORI (Zillow Observed Rental Index), stands slightly higher at $2,672. This suggests that the rental market is closely aligned with government standards, indicating a stable but competitive environment.
The low price-cut share of 0.2% reveals that landlords in this area are generally able to maintain their rental prices without significant reductions, pointing towards a market where demand meets supply effectively. The median home value of $592,443 further underscores the stability of the real estate market, as it reflects a balance between property values and affordability.
A notable aspect of ZIP 95829 is its 24.3% renter share. This figure indicates a substantial portion of the population prefers renting over owning, which can imply ongoing long-term housing pressure. High renter shares often suggest challenges in homeownership due to factors such as high property values or limited availability of affordable homes. In turn, this supports a robust rental market, as the need for rental properties persists.
In summary, ZIP 95829 operates in a balanced state where neither supply nor demand overwhelmingly outpaces the other. The rental market is steady, with slight premium pricing over FMR, and a significant renter population that ensures continuous demand for rental properties. Landlords and small-portfolio investors should anticipate a stable yet competitive landscape, with opportunities to leverage the high renter share for consistent income streams.
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.