Location: Redding, CA | Metro: Redding, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,580 |
| 3 Bedrooms | $2,190 |
| 4 Bedrooms | $2,640 |
| 5 Bedrooms | $3,062 |
| 6 Bedrooms | $3,429 |
| 7 Bedrooms | $3,703 |
| 8 Bedrooms | $3,888 |
The ZIP code 96095, located in Redding County, California, presents a unique profile that differs significantly from the broader national trends. With its specific data points currently marked as N/A, it's clear that detailed demographic information such as the number of residents, the percentage renting, median income, and median home value is not readily available. This lack of detail suggests a smaller or less studied area.
However, the economic landscape for Section 8 vouchers in ZIP 96095 is more defined. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1490. This figure represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program. Without a specific market rent figure for comparison, it's challenging to assess the direct impact of the FMR on local housing economics. Nonetheless, the FMR serves as a benchmark for affordability and can influence the rental market dynamics, particularly for low-income tenants who rely on federal assistance.
The absence of comprehensive market data complicates a full analysis of the voucher economics in ZIP 96095. Typically, comparing the FMR to the actual market rents would provide insights into the profitability for landlords and the accessibility for tenants. Given the current data, landlords should consider the $1490 FMR as a key factor when setting their rental rates to ensure they remain competitive while still participating in the Section 8 program.
In terms of stability, the ZIP code 96095 appears transitional due to the limited availability of demographic and market data. This scarcity indicates an evolving area where detailed tracking might be necessary to understand future trends. Landlords and small-portfolio investors should monitor changes closely, especially regarding the FMR and any emerging market rent data, to make informed decisions about their investments and rental strategies.
Data Sources: FMR data from HUD (2027).
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.