Location: Yuba City, CA | Metro: Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,670 |
| 1 Bedroom | $1,700 |
| 2 Bedrooms | $2,130 |
| 3 Bedrooms | $2,850 |
| 4 Bedrooms | $3,160 |
| 5 Bedrooms | $3,666 |
| 6 Bedrooms | $4,106 |
| 7 Bedrooms | $4,434 |
| 8 Bedrooms | $4,656 |
U.S. Census Bureau data (2024)
ZIP code 95837, located within the Yuba City, CA MSA, presents a unique profile compared to typical ZIP codes in the same metro area. The Fair Market Rent (FMR) for 95837 is set at $1860 for fiscal year 2024, which serves as a benchmark for affordable housing standards. However, the market rent data is currently unavailable, making direct comparisons challenging.
The median home value in 95837 stands at $1,005,198, significantly higher than the average home value in the broader Yuba City, CA MSA. This suggests that 95837 is likely a premium sub-market within the metro, characterized by higher-end residential properties. Despite the high home values, the renter share in 95837 is relatively substantial at 24.2%. This combination of a high renter share and above-average home values can indicate a diverse housing market where both homeowners and renters coexist.
In the context of Section 8 analysis, the presence of a notable renter share in an otherwise premium ZIP code could signal potential opportunities. Landlords and small-portfolio investors should consider the FMR of $1860 as a guideline for setting rental prices that comply with Section 8 requirements. While the exact market rent remains unknown, the FMR provides a useful reference point for ensuring that rents remain within reasonable bounds.
Given the data, it's prudent to conclude that 95837 is a premium sub-market within the Yuba City, CA MSA. Its high home values suggest a desirable location with potentially strong demand from both buyers and renters. The significant renter share indicates a viable Section 8 tenant pool, but investors must balance this against the higher property costs.
To further refine investment strategies, it would be beneficial to explore additional metrics such as vacancy rates, property taxes, and local economic indicators. These factors will provide a more comprehensive understanding of the rental market dynamics in 95837 and help identify whether it represents a value pocket or continues to be a premium sub-market.
Data Sources: FMR data from HUD (2027). 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.