Section 8 Fair Market Rent (FMR) for ZIP 96103 - 2027

Location: Plumas County, CA | Metro: Plumas County, CA

Investment Score for ZIP 96103

Monthly Rent (2BR)

$1,310

Median Price (2BR)

$373,965

1% Rule

0.35%

Annual Yield

4.2%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$900
1 Bedroom	$1,000
2 Bedrooms	$1,310
3 Bedrooms	$1,840
4 Bedrooms	$1,870
5 Bedrooms	$2,169
6 Bedrooms	$2,429
7 Bedrooms	$2,623
8 Bedrooms	$2,754

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,000	$286,878	0.35%	F
2BR	$1,310	$373,965	0.35%	F
3BR	$1,840	$459,133	0.4%	F
4BR	$1,870	$475,473	0.39%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,112

Median Household Income

$82,589

Housing Units

1,757

Renter Percentage

4.4%

Occupancy Rate

29.7%

Renter Occupied

Graeagle, California, located in ZIP code 96103, is a small community nestled in the Sierra Nevada mountains. Known for its natural beauty and recreational opportunities, Graeagle offers a tranquil setting for residents and visitors alike. This market analysis provides insights into the rental and housing market conditions in Graeagle, based on specific data points.

The Fair Market Rent (FMR) for the metro area, including Graeagle, for fiscal year 2026 is set at $1,450. This figure represents the benchmark for rental prices in the region, ensuring affordability for low-income households.
The median home value in Graeagle stands at $400,591. This indicates a relatively stable housing market, suitable for investment in property with long-term appreciation potential.
Renters make up only 4.4% of the population in Graeagle. This suggests that the majority of the residents own their homes, leading to a less competitive rental market compared to urban areas.
The median household income in Graeagle is $82,589. This level of income supports a modest rental market but may limit the number of potential tenants who qualify for Section 8 assistance.
The Days on Market (DOM) for properties in Graeagle is not available, indicating either a very active or inactive market where listings move quickly or rarely come up for sale.

Investors considering Graeagle for real estate opportunities should focus on the stability of the housing market and the potential for property appreciation, given the median home value. The rental market, while less competitive due to the low renter share, is constrained by the limited number of eligible Section 8 tenants due to higher median incomes. The FMR provides a guideline for pricing rentals, but the actual demand may be lower. Overall, Graeagle presents a niche market with opportunities for those willing to invest in a quieter, mountainous environment.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.