Section 8 Fair Market Rent (FMR) for ZIP 95960 - 2027

Location: Sierra County, CA | Metro: Yuba City, CA MSA

Investment Score for ZIP 95960

Monthly Rent (2BR)

$1,740

Median Price (2BR)

$372,553

1% Rule

0.47%

Annual Yield

5.6%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,240
1 Bedroom	$1,360
2 Bedrooms	$1,740
3 Bedrooms	$2,410
4 Bedrooms	$2,900
5 Bedrooms	$3,364
6 Bedrooms	$3,768
7 Bedrooms	$4,069
8 Bedrooms	$4,272

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,740	$372,553	0.47%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

540

Median Household Income

$52,917

Housing Units

351

Renter Percentage

42.3%

Occupancy Rate

77.5%

Renter Occupied

115

Nevada City, located in ZIP code 95960, is a charming town nestled in the Sierra Nevada foothills of California. It offers a blend of natural beauty and historic charm, attracting both residents and visitors alike. This market analysis will provide insights into the rental and housing market dynamics in Nevada City, highlighting key metrics that are crucial for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 95960 for fiscal year 2024 is set at $1,420.
The average market rent for properties in Nevada City, according to Census ACS data, stands at $1,014 per month.
The median home value in the area is $351,929, reflecting a mix of affordable and higher-end housing options.
Renters make up 42.3% of the local population, indicating a significant demand for rental properties.
The median household income in ZIP 95960 is $52,917, which suggests a moderate economic base supporting the rental market.
Unfortunately, the data on days on market (DOM) for rentals is currently unavailable, but the other metrics provide a solid foundation for understanding the local real estate landscape.

Investors considering Nevada City for their real estate portfolios should note the discrepancy between the Fair Market Rent and the actual market rent, suggesting potential room for price adjustments. The substantial renter share indicates ongoing demand for rental units, while the median income level supports a steady flow of tenants capable of meeting the rent requirements. Given these factors, Nevada City presents a viable investment opportunity for those looking to enter the rental market in a scenic and economically stable setting.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.