Location: Modoc County, CA | Metro: Modoc County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The ZIP code 96015, located in Hawaii, stands out due to its unique demographic and economic characteristics. With only 437 residents, it has a rental rate of 23.8%, indicating a smaller but significant portion of the population relies on rental housing. The median income here is $45,991, which is notably lower than the national average, yet this figure provides insight into the financial stability of the area's residents.
The Federal Market Rent (FMR) for ZIP 96015 is set at $1,130 for fiscal year 2026, which represents the maximum rent that a landlord can charge under the Section 8 program. However, the lack of data on the median market rent makes it challenging to assess the exact impact of the FMR on local rental dynamics. Despite this gap in information, the FMR serves as a critical benchmark for landlords and small-portfolio investors looking to understand the rental landscape in this ZIP code.
In terms of voucher economics, the FMR plays a pivotal role in determining the financial viability of properties in ZIP 96015. Landlords should ensure their rental units meet the necessary standards to qualify for the Section 8 program, as the $1,130 limit will be the upper threshold for monthly rent. This figure is essential for planning and budgeting purposes, especially when considering maintenance costs, property taxes, and other expenses associated with managing rental properties.
Given the limited resident base and the specific nature of the available data, ZIP 96015's data signature reads as stable. The consistent median income and the known FMR provide a predictable framework for landlords and investors. While the absence of median home value and market rent data introduces some uncertainty, the existing information suggests a steady environment that favors cautious investment strategies and adherence to the Section 8 guidelines.
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.