Location: Yuba City, CA | Metro: Yuba City, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,770 |
| 5 Bedrooms | $3,213 |
| 6 Bedrooms | $3,599 |
| 7 Bedrooms | $3,887 |
| 8 Bedrooms | $4,081 |
The market in ZIP 95992, located in California, presents a dynamic landscape that suggests a shift in housing pressures. With the Fair Market Rent (FMR) set at $1490 for fiscal year 2024, it's evident that the rental market is regulated to some extent, ensuring affordability for low-income households under the Section 8 program. However, the lack of data on market rent indicates either a nascent rental sector or significant data gaps, which could imply that the local rental market is not well-documented or is overshadowed by other housing types.
The absence of information regarding the percentage of price-cut share and days on market (DOM) suggests that there might be limited turnover in the housing stock, possibly indicating a stable or stagnant market. This stability could be due to various factors, including a strong sense of community, limited new constructions, or economic conditions that keep residents from moving frequently.
ZIP 95992 also lacks reported data on median home values, which could mean that the area is primarily composed of rentals or has a diverse mix of housing types that do not easily lend themselves to a single valuation metric. The unknown percentage of renter share further complicates the picture, but it can be inferred that if the renter share is high, there could be long-term pressure on the availability of affordable housing units, leading to potential challenges for both landlords and renters.
In summary, ZIP 95992 appears to be a market in flux, with regulatory measures like the FMR providing a floor for rental costs. The incomplete data points towards areas that need further exploration, such as the balance between supply and demand and the overall health of the housing market. Landlords and small-portfolio investors should remain vigilant and adapt to the changing dynamics, leveraging the known FMR to guide their pricing strategies while being mindful of the potential for increased housing pressure as more data becomes available.
Data Sources: FMR data from HUD (2027).
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.