Location: Yuba City, CA | Metro: Chico, 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 | $1,050 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,150 | $159,322 | 0.72% | D |
| 2BR | $1,470 | $242,455 | 0.61% | D |
| 3BR | $2,040 | $329,039 | 0.62% | D |
| 4BR | $2,460 | $409,472 | 0.6% | D |
| 5BR | $2,854 | $466,518 | 0.61% | D |
U.S. Census Bureau data (2024)
The ZIP code 95966, located in Oroville, California, presents a dynamic rental market with specific characteristics that can inform investment strategies. The Fair Market Rent (FMR) for the area is set at $1300 for fiscal year 2024, indicating a benchmark for affordable housing standards. In contrast, the actual market rent, as measured by ZORI, stands at $1,674, suggesting that the rental market is above the government-set fair market rate.
The low price-cut share of 0.2% and a relatively short days on market (DOM) of 37 days point to a market where demand is strong relative to supply. This implies that properties are selling quickly without significant price reductions, which is favorable for landlords and small-portfolio investors looking to capitalize on steady demand.
A median home value of $308,077 further underscores the affordability of the area, making homeownership accessible to many residents. However, with 26.6% of the population being renters, there is an ongoing long-term housing pressure that suggests a persistent need for rental properties. This high renter share could indicate a trend towards continued rental demand, as it reflects a substantial portion of the community that prefers or needs to rent rather than buy.
In summary, the market dynamics in ZIP 95966 suggest a scenario where demand for rentals is robust, and the median home values are within reach for many potential buyers. The rental market is currently outperforming the FMR, signaling a healthy environment for rental investments. The significant renter share points to a sustained need for rental properties, which can be a key consideration for long-term investment planning.
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.