Location: Sierra County, CA | Metro: Lassen County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,920 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
U.S. Census Bureau data (2024)
The ZIP code 96105 is located in Honolulu, Hawaii, specifically covering parts of the urban Honolulu area. This neighborhood is characterized by a relatively small population of 799 residents, with only 9.1% being renters. The median household income here is notably high at $122,750, reflecting a predominantly affluent community. The median home value stands at $333,554, indicating a market where homeownership is both desirable and feasible for many.
From an investment perspective, the Federal Market Rent (FMR) for ZIP 96105 in fiscal year 2026 is set at $1,390. However, the lack of available data on market rents makes it challenging to compare the FMR against actual rental prices. Despite this, the high median income suggests that there could be a strong demand for higher-quality rentals, potentially allowing for rents above the FMR if the market supports it.
Given these characteristics, ZIP 96105 would likely appeal more to a hands-on value-add buyer rather than a hands-off voucher operator. The limited number of renters indicates a smaller pool of potential Section 8 tenants, making it less suitable for passive management. Instead, a more active approach, focusing on enhancing property values through renovations and strategic positioning in a niche market, could yield better returns. Investors should focus on properties that can attract the upper end of the rental market, leveraging the high median income to justify premium rents.
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.