Location: Redding, CA | Metro: Redding, 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 | $1,060 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,410 |
| 5 Bedrooms | $2,796 |
| 6 Bedrooms | $3,132 |
| 7 Bedrooms | $3,383 |
| 8 Bedrooms | $3,552 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,440 | $156,670 | 0.92% | C |
| 3BR | $1,990 | $234,519 | 0.85% | C |
| 4BR | $2,410 | $280,776 | 0.86% | C |
U.S. Census Bureau data (2024)
In ZIP code 96013, located in Burney, California, the real estate landscape is currently defined by a median home value of $216,611. This figure, combined with the observation that only 0.2% of listings have reduced their prices, indicates a market where sellers maintain significant pricing power. The negligible reduction in listing prices suggests that homeowners are either confident in their property values or that there is little pressure from other sellers to lower prices.
The median days on market (DOM) being listed as N/A for this area could imply several things. First, it might suggest a highly efficient local real estate market where homes sell quickly, often before the DOM statistic can be meaningfully calculated. Alternatively, it could indicate a low volume of transactions, making the DOM metric less reliable. In either case, the implication for pricing power is positive, as quick sales typically correlate with strong seller leverage.
On the rental side, the Fair Market Rent (FMR) for ZIP 96013 as of the fiscal year 2024 is set at $1,210, while the current market rent, according to the Census Bureau's American Community Survey, stands at $1,096. This gap signals potential upward pressure on rents, which could benefit landlords and small-portfolio investors looking to maximize income from their properties. As the FMR is an official guideline often used for setting rental rates in subsidized housing programs, it may also influence non-subsidized rental prices in the area.
For long-term investors, the appreciation thesis in Burney, CA, is not robust based on the current data. The median home value has remained relatively stable, and the slight increase in FMR does not necessarily translate into comparable increases in property values. Long-hold investors should focus on the rental income potential rather than rapid capital appreciation. The setup implies a market where steady, modest growth in both home values and rental incomes is more likely than dramatic changes.
To summarize, ZIP 96013 presents a real estate environment where sellers have pricing power due to stable home values and few price reductions. The rental market shows potential for modest rent increases, aligning with the FMR trend. However, long-term investors should not expect substantial appreciation but can anticipate a consistent rental income scenario.
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.