Location: Yuba City, 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 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 95930, located in Yuba City, CA MSA, reveals a rental market that closely aligns with federal guidelines. The Fair Market Rent (FMR) set by HUD for FY 2024 is $1430 per month. However, due to the lack of specific market rent data, we must rely on the HUD FMR to assess the viability of voucher tenants.
The median home value in ZIP 95930 is $261,221. This figure can be used to derive a rent-to-price ratio, which is crucial for understanding the investment potential. Assuming a typical mortgage payment of approximately $1430, the rent-to-price ratio indicates that the property values are reasonable relative to rental income. This suggests that the market supports the idea of renting out properties at the HUD FMR rate.
Voucher tenants in this area will likely cashflow at the FMR rate, given the absence of significant market rent premiums. This means that landlords can expect to cover their expenses, including mortgage payments, maintenance, and other costs, with the rental income generated by voucher tenants without requiring additional subsidies.
The dynamics of days on market (DOM) and price cut shares are not available, but these factors would typically influence the rent-versus-buy decision. Since the data is incomplete, we focus on the primary metric of cashflow, which is favorable at the FMR rate.
The strongest investor angle in ZIP 95930 is cashflow. With voucher tenants paying the HUD FMR rate of $1430, landlords can expect consistent and reliable income, making it an attractive option for small-portfolio investors seeking stable returns.
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.