Location: Tehama County, CA | Metro: Tehama County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
U.S. Census Bureau data (2024)
The classification of ZIP code 96090 hinges on the interplay between rental yield and market stability. With a Fair Market Rent (FMR) of $1,440 for the fiscal year 2026 in the metro area, compared to a mere $988 in the local market, it's evident that rental properties can command a premium price. This suggests a higher potential yield for landlords and investors who can position their properties competitively.
However, the income level of $70,893 in the area indicates a moderate economic base, which might influence tenants' ability to afford higher rents. The rental rate composition, with 25.5% of the population being renters, points to a relatively stable demand for rental housing. Despite the lack of specific data on days on market (DOM), the high FMR relative to the market rent implies that there could be a segment of the market willing to pay above average rates, which would support a higher yield strategy.
In summary, ZIP 96090 leans towards being a steady-cashflow zone. While the potential for higher yields exists due to the disparity between FMR and market rent, the moderate income levels and the stable proportion of renters suggest that the market is not volatile enough to be considered a high-yield/low-stability flip-style market. Landlords and small-portfolio investors should focus on maintaining quality properties at competitive yet reasonable rents to ensure a consistent cash flow without risking vacancy rates.
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.