Location: Tehama County, CA | Metro: Tehama County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
U.S. Census Bureau data (2024)
The classification of ZIP code 96029, which is located in Hawaii, reveals a unique balance between yield and stability. On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,360. This figure represents the rental income potential for properties within this ZIP code, assuming they meet the criteria for Section 8 housing. However, the lack of data for the market rent and home values indicates that the FMR serves as the primary benchmark for rental pricing in this region.
Moving to the stability axis, the ZIP code shows a relatively low percentage of renters at 10.9%, which suggests that homeownership is more prevalent compared to renting. The absence of days-on-market (DOM) data complicates the assessment of how quickly properties can be rented out, but the median household income of $85,682 provides insight into the financial health and stability of the local population. Higher incomes generally correlate with lower tenant turnover rates and higher reliability in paying rent on time.
Given these specifics, ZIP 96029 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The low percentage of renters and the robust median income suggest that tenants are likely to be stable and reliable, making this a good location for those seeking consistent rental income. While the FMR of $1,360 is attractive, the limited data on market rents and home values means that there is less opportunity for flipping properties at a profit. Instead, the focus should be on long-term rental investments where the predictability of income outweighs the potential for high yields.
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.