Location: Yuba City, CA | Metro: Yuba City, CA MSA
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 | $1,140 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,620 |
| 5 Bedrooms | $3,039 |
| 6 Bedrooms | $3,404 |
| 7 Bedrooms | $3,676 |
| 8 Bedrooms | $3,860 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,570 | $268,840 | 0.58% | F |
| 3BR | $2,170 | $397,380 | 0.55% | F |
| 4BR | $2,620 | $508,397 | 0.52% | F |
| 5BR | $3,039 | $571,957 | 0.53% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 95961, Olivehurst, CA, in fiscal year 2024 is set at $1430. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is designed to provide affordable housing assistance to low-income families. It's important to note that this is not the actual rent you will receive; it's the payment standard used by the Housing Choice Voucher Program.
In comparison, the local Zillow Observed Rent Index (ZORI) for Olivehurst is currently at $2,259. This indicates that the average market rent for a typical rental unit in the area exceeds the Section 8 payment standard. However, the Section 8 program covers only a portion of the total rent, typically around 73.4% of the ZORI when using the FMR as a guide. The remaining balance must be paid by the tenant, who is responsible for covering the difference between the FMR and the ZORI.
The 26.6% renter share suggests that there is a significant demand for rental properties in Olivehurst. With nearly one-quarter of the population relying on rental income, landlords can expect a steady stream of potential tenants looking for affordable housing options. This demand can help ensure that your property remains occupied, even if the rent is lower compared to market rates.
If you're considering purchasing a property for your first Section 8 rental in Olivehurst, the median home value stands at $448,205. This figure reflects the acquisition cost of a typical home in the area. While this might seem high, it's essential to weigh this against the long-term benefits of providing affordable housing and the stability that comes with having a government-backed tenant.
Before you proceed with a purchase, verify that the property meets all the necessary requirements for the Section 8 program. This includes ensuring that the property passes a thorough inspection for health and safety standards, as well as confirming that it complies with the Fair Housing Act. These steps are crucial to avoid any issues that could delay or prevent the rental agreement.
In summary, the FMR of $1430 sets the maximum allowable rent under Section 8, while the ZORI of $2,259 shows the local market rate. The 26.6% renter share points to strong demand, and the median home value of $448,205 gives an idea of the investment required. By confirming that your property meets all Section 8 requirements, you can confidently move forward with your first Section 8 rental in Olivehurst.
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.