Location: Nevada County, CA | Metro: Nevada County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,370 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,970 |
| 3 Bedrooms | $2,730 |
| 4 Bedrooms | $3,290 |
| 5 Bedrooms | $3,816 |
| 6 Bedrooms | $4,274 |
| 7 Bedrooms | $4,616 |
| 8 Bedrooms | $4,847 |
U.S. Census Bureau data (2024)
The ZIP code 95986 stands out due to its unique characteristics. With only 115 residents, it represents one of the smallest communities in the county. The rental market is notably active, with 31.4% of the population renting their homes. However, detailed economic indicators such as median income and median home value are not available for this area, which suggests limited data points and possibly a niche market.
Moving to the specifics of Section 8 housing, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,920. This figure is critical for landlords and small-portfolio investors considering participation in the Section 8 program. Given the lack of market rent data, the FMR serves as a benchmark for rental pricing. Landlords should note that this FMR is an estimate and may vary slightly based on individual unit conditions and location within the ZIP code.
In terms of voucher economics, the $1,920 FMR indicates the maximum amount the government will pay towards rent for eligible families. For landlords, this means setting rents at or below this level to ensure full payment coverage. It's important to compare this FMR against any available local rental rates to gauge the potential financial impact of accepting Section 8 vouchers.
Given the limited data and the small size of the resident population, the ZIP code 95986 appears to be in a transitional phase. As such, landlords and investors should closely monitor changes in the local economy and housing market trends. This could include watching for increases in population, shifts in rental demand, and any emerging economic activities that might affect property values and rental prices.
To conclude, while the ZIP code 95986 offers opportunities for those interested in the Section 8 program, its data signature reflects a community that is still developing. The $1,920 FMR provides a solid foundation for setting rental prices, but investors should remain vigilant about the evolving nature of this 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.