Location: Plumas County, CA | Metro: Plumas County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
To understand the economics of Section 8 in ZIP code 95934, it's essential to know the basics of how the program operates and how it affects rental income. The Section 8 program, officially known as the Housing Choice Voucher program, helps low-income families pay for housing. In ZIP 95934, the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment is set at $1,210 per month for fiscal year 2026.
The SAFMR represents the maximum amount that the government will pay on behalf of a tenant through the voucher program. However, this does not equate directly to the total rent collected by the landlord. Tenants are typically required to pay 30% of their adjusted monthly income toward rent, which is then supplemented by the voucher to cover the remainder up to the SAFMR limit.
Let's break down the reimbursement process. If a tenant's portion of the rent is $300 (30% of their income), and the SAFMR is $1,210, the voucher would cover the difference, which is $910. This calculation assumes that the tenant's income is such that their contribution is below the SAFMR limit. If the tenant's income is higher, they might contribute more than $300, but the total rent cannot exceed the SAFMR of $1,210.
Utility allowances also play a role in the reimbursement. These allowances vary by region and can affect the net income a landlord receives. For ZIP 95934, the utility allowance is part of the overall reimbursement structure but is not specified here. Typically, utility allowances range from $200 to $300 per month, depending on the type of unit and the number of bedrooms. Therefore, if we assume an average utility allowance of $250, the total reimbursement for a landlord would be the sum of the tenant's contribution and the utility allowance, up to the SAFMR cap.
In ZIP 95934, the SAFMR is specifically set for this area, meaning it reflects the local rental market conditions more accurately than a broader metro or county-level rate would. However, without specific data on the local market rent for a two-bedroom apartment, it's challenging to provide a direct comparison. But based on the SAFMR alone, landlords should anticipate receiving a total of $1,210 per month for a two-bedroom apartment, assuming the tenant's share plus the utility allowance equals this figure.
The typical reimbursement gap or surplus in ZIP 95934 for a two-bedroom apartment depends on the actual local market rent. Since the local market rent is not provided, we can only conclude that if the market rent is above $1,210, there will be a gap that the landlord must cover. Conversely, if the market rent is below $1,210, the landlord would receive the full SAFMR amount, potentially resulting in a surplus compared to what they might charge otherwise.
To summarize, landlords in ZIP 95934 participating in the Section 8 program should expect to receive $1,210 per month for a two-bedroom apartment, which includes the tenant's contribution and utility allowances. This amount is guaranteed by the government and is the maximum reimbursement for this specific ZIP code.
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.