Location: Sacramento--Roseville--Arden-Arcade, CA | Metro: Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,720 |
| 1 Bedroom | $1,770 |
| 2 Bedrooms | $2,170 |
| 3 Bedrooms | $2,850 |
| 4 Bedrooms | $3,280 |
| 5 Bedrooms | $3,805 |
| 6 Bedrooms | $4,262 |
| 7 Bedrooms | $4,603 |
| 8 Bedrooms | $4,833 |
To classify ZIP code 95866 in Unknown, CA, we must analyze the available data on yield and stability. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $2030. However, the market rent and median home values are not provided, which complicates a direct comparison but does not negate the utility of FMR in assessing rental yields.
The yield analysis relies heavily on the FMR figure. With an FMR of $2030, landlords can expect to charge rents that align closely with this benchmark, ensuring that they are competitive within the local rental market. This suggests a moderate yield potential, assuming typical vacancy rates and expenses. Without specific market rent data, it's challenging to determine if the ZIP code offers higher yields through above-average rental charges; however, the alignment with FMR indicates a stable approach to pricing.
Stability is assessed through metrics such as the percentage of renters, average days on market (DOM), and median household income. Unfortunately, these specific figures for ZIP 95866 are not provided, leaving us with incomplete data. Typically, higher percentages of renters and lower DOM values indicate a stable rental market. Median household income is also crucial as it reflects the ability of residents to pay rent consistently, contributing to overall stability.
Given the limited data, ZIP 95866 appears to be neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. Instead, it likely falls into a category where the focus should be on maintaining a balance between yield and stability. Landlords should aim for properties that can generate consistent cash flow without relying on speculative increases in rental prices. This approach aligns with the moderate yield indicated by the FMR figure, suggesting that the area is suitable for those seeking a reliable investment rather than rapid appreciation or high turnover.
To make a definitive classification, further investigation into the local rental market dynamics, including actual market rents and recent sales data, would be necessary. Additionally, understanding the economic base and employment trends of Unknown, CA, would provide insight into the stability of the rental market and the financial health of potential tenants.
Data Sources: FMR data from HUD (2027).
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.