Location: Yuba City, CA | Metro: Yuba City, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,740 |
| 1 Bedroom | $2,050 |
| 2 Bedrooms | $2,400 |
| 3 Bedrooms | $3,320 |
| 4 Bedrooms | $4,010 |
| 5 Bedrooms | $4,652 |
| 6 Bedrooms | $5,210 |
| 7 Bedrooms | $5,627 |
| 8 Bedrooms | $5,908 |
U.S. Census Bureau data (2024)
The ZIP code 95903 is predominantly a renter-heavy area, with 95.3% of its 2,242 residents being renters. This high percentage indicates a strong demand for rental properties, particularly those that can accommodate Section 8 tenants. The median household income in this ZIP code is $60,122, which provides a baseline for understanding the financial capabilities of potential tenants.
The market rent in 95903 is currently at $2,688 per month. To put this into perspective, the typical rent consumes approximately 16.1% of the median monthly income ($60,122 annual income divided by 12 months equals $5,010 monthly income; $2,688 rent divided by $5,010 income equals 0.537, or 53.7% annually, which translates to about 16.1% monthly). This suggests that while rent is a significant portion of income, it remains manageable for the average resident.
The Fair Market Rent (FMR) for 95903, as set for FY 2024, is $2,190. This figure represents the maximum amount that a Section 8 voucher can cover. Landlords should be aware that the current market rent exceeds the FMR by $498, or about 22.7%. This discrepancy means that landlords will likely need to rely on a combination of the voucher and additional tenant contributions to meet market rates.
In terms of tenant profiles, landlords in 95903 can expect a mix of low-income families and individuals who qualify for Section 8 assistance. These tenants will typically have an income level below the median for the area, and they will be seeking affordable housing options. Given the high percentage of renters and the fact that the market rent slightly exceeds the FMR, there is a substantial pool of potential Section 8 tenants looking for housing in this ZIP code.
To attract these tenants, landlords must ensure their properties comply with HUD standards and are willing to accept the voucher amount plus any additional contributions required to meet market rent. The combination of a high renter population and a robust voucher system makes 95903 an attractive location for landlords and small-portfolio investors interested in the Section 8 program.
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.