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 | $1,880 |
| 1 Bedroom | $1,930 |
| 2 Bedrooms | $2,370 |
| 3 Bedrooms | $3,110 |
| 4 Bedrooms | $3,580 |
| 5 Bedrooms | $4,153 |
| 6 Bedrooms | $4,651 |
| 7 Bedrooms | $5,023 |
| 8 Bedrooms | $5,274 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,110 | $387,858 | 0.8% | C |
| 4BR | $3,580 | $484,585 | 0.74% | D |
| 5BR | $4,153 | $588,156 | 0.71% | D |
U.S. Census Bureau data (2024)
The ZIP code 95832 presents a dynamic rental market, with the Fair Market Rent (FMR) set at $2330 for the fiscal year 2024, while the actual market rent, as indicated by ZORI (Zillow Observed Rent Index), stands slightly higher at $2,624. This suggests that the market rent exceeds the government's benchmark, indicating strong demand for rental properties in this area.
The median home value in ZIP 95832 is $421,227, which places it in a category where homeownership is likely to be more challenging for many residents. With a renter share of 38.2%, there is a significant portion of the population that relies on rental housing, creating sustained long-term pressure on the availability and affordability of rental units.
Although specific data on price-cut shares and days on market (DOM) are not available, the gap between FMR and ZORI implies that landlords and small-portfolio investors can expect to command rents above the government's recommended levels. This indicates that demand is robust enough to support higher rental prices, suggesting that the number of renters seeking accommodation may be outpacing the supply of rental units.
The high renter share also points to a market where many individuals may be priced out of homeownership, leading to an ongoing reliance on rental housing. This dependency creates a steady demand for rental properties, which can benefit investors with a focus on the rental market. However, it also means that any increase in rental rates could face resistance from tenants, who already bear a substantial financial burden to secure housing.
In summary, ZIP 95832 operates under a scenario where demand for rental housing appears to exceed supply, driven by a combination of high median home values and a significant renter share. This makes it a market ripe with opportunities for those willing to invest in rental properties, but also one that requires careful management to balance tenant needs with investment returns.
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.