Section 8 Fair Market Rent (FMR) for ZIP 96075 - 2027

Location: Tehama County, CA | Metro: Redding, CA MSA

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

221

Median Household Income

$N/A

Housing Units

146

Renter Percentage

66.7%

Occupancy Rate

63.7%

Renter Occupied

ZIP code 96075, located in Hawaii, is a unique market characterized by its high rental share and relatively low median home values compared to other areas in the state. This analysis provides key insights for landlords and small-portfolio investors looking to understand the rental dynamics and housing market trends in this region.

The Fair Market Rent (FMR) for ZIP 96075 for fiscal year 2024 is set at $1490. This figure represents the maximum amount that a tenant could pay for rent under the Section 8 program.
Despite the availability of the FMR, specific data on market rents for ZIP 96075 is currently N/A. This lack of precise market rent data can make it challenging to accurately price rentals in the area.
The median home value in ZIP 96075 stands at $166,495, which is significantly lower than many other parts of Hawaii, making it potentially attractive for first-time homebuyers and investors alike.
A notable 66.7% of residents in the area are renters, indicating a strong demand for rental properties. This high percentage of renters suggests that the market is well-suited for landlords.
The Days on Market (DOM) for listings in this ZIP code is currently N/A. This missing data point means that it's unclear how quickly homes are selling in the area, which could be due to limited recent sales activity.
Unfortunately, the median income for residents in ZIP 96075 is also listed as N/A, making it difficult to assess the financial capacity of potential tenants or buyers.

In summary, ZIP 96075 presents a market where rental properties can be priced up to the Fair Market Rent of $1490, catering to a majority renter population. The lower median home value of $166,495 makes investment in single-family homes or multi-unit complexes more accessible. However, the lack of specific market rent and median income data points highlights areas where further research would benefit investors. Additionally, understanding the local real estate activity through Days on Market (DOM) data would provide valuable insight into the speed of property turnover, which is currently unavailable.

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.