Location: Plumas County, CA | Metro: Plumas County, CA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,270 | $206,684 | 0.61% | D |
| 3BR | $1,770 | $327,769 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP 95947, located in Greenville, CA within the Plumas County, CA metro area, presents an intriguing opportunity for inclusion in a Section 8 portfolio strategy. This ZIP code is best categorized as a cash-flow anchor due to its favorable financial metrics when compared to other potential investments.
The primary reason for this classification is the significant spread between the Fair Market Rent (FMR) for the area and the actual market rents. For fiscal year 2026, the FMR for ZIP 95947 is set at $1,190, while the current market rent is only $419. This substantial difference means that landlords participating in the Section 8 program can expect stable, government-backed rental income that far exceeds what they might receive on the open market. As a result, properties in this ZIP code can serve as a reliable foundation for generating consistent cash flow within a larger investment portfolio.
Beyond the immediate benefits of cash flow, the median home value in ZIP 95947 is $241,998, which is relatively low compared to many other areas. This makes it easier for landlords to acquire properties without requiring a large upfront capital investment, thereby maximizing their return on investment (ROI).
While the ZIP code does not offer strong appreciation potential, with no specific percentage given for price-cut share or days on market (DOM), it still provides a solid diversification option. The renter share stands at 8.9%, indicating a moderate demand for rental properties. Additionally, the median income of $82,500 suggests a steady economic base, supporting the stability of the rental market.
In summary, ZIP 95947 is most effectively positioned as a cash-flow anchor within a Section 8 portfolio strategy. The high FMR relative to market rents ensures a dependable income stream, while the lower median home values make property acquisition more accessible. Although it lacks strong appreciation potential, it offers a valuable balance to any investment strategy, providing stability and predictable returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.