Location: Chico, CA | Metro: Chico, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $2,090 |
| 4 Bedrooms | $2,520 |
| 5 Bedrooms | $2,923 |
| 6 Bedrooms | $3,274 |
| 7 Bedrooms | $3,536 |
| 8 Bedrooms | $3,713 |
The ZIP code 95927 is located in Chico, California, and serves primarily as a PO Box ZIP Code. Due to this nature, specific demographic data such as population, percentage of renters, median income, and median home value are not available for detailed analysis. However, it's important to note that the median age for ZIP code 95927 is 29.3 years old, suggesting a younger demographic.
In terms of rental economics, the Fair Market Rent (FMR) for ZIP code 95927 for fiscal year 2024 is set at $1430. This figure represents the government's estimate of the average rent for a standard unit in the area and is used to determine the payment standards for housing assistance programs such as Section 8. While specific market rent data is not available, the FMR can serve as a benchmark for landlords and small-portfolio investors considering participation in the voucher program.
Given the limited availability of detailed demographic data, ZIP code 95927 might be better suited for hands-off voucher operators rather than hands-on value-add buyers. The lack of comprehensive data makes it challenging to implement strategies aimed at increasing property value through improvements or renovations. For those interested in a straightforward investment approach, focusing on the stability and predictability offered by the Section 8 program could be advantageous.
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.