Location: Lassen County, CA | Metro: Lassen County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
U.S. Census Bureau data (2024)
The ZIP code 96068 presents several challenges for landlords and small-portfolio investors considering Section 8 investments. Tenant turnover is a significant concern, with the Fair Market Rent (FMR) set at $1,280 for FY 2026 in the metro area, while the market rent remains unspecified. This discrepancy can lead to higher turnover rates as tenants might seek better deals outside the program once their financial situations improve.
Vacancy exposure is another critical issue, as the average days on market (DOM) is not available. This lack of data makes it difficult to predict how long properties might remain vacant between tenancies, increasing the risk of lost rental income.
Deferred maintenance is also a notable risk due to the absence of data on typical home values and median incomes. Without these figures, it's challenging to assess the potential for property deterioration and the likelihood that landlords will need to invest in repairs and maintenance without a corresponding increase in rent.
However, these risks are somewhat mitigated by the high renter share in ZIP 96068, which stands at 77.8%. High renter density typically correlates with greater demand for housing vouchers, suggesting a robust pool of Section 8 tenants who are committed to paying their rent through government subsidies.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP 96068 is moderate.
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.