Location: Lassen County, CA | Metro: Lassen County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
U.S. Census Bureau data (2024)
The ZIP code 96119 presents a unique rental market scenario, particularly for those involved in Section 8 real estate analysis. With a Fair Market Rent (FMR) set at $1,280 for fiscal year 2026, landlords and small-portfolio investors have a clear benchmark for rental pricing. However, the lack of data on market rent, price-cut share, days on market (DOM), and median home value suggests a market that is less competitive in terms of home sales, focusing heavily on rentals.
The 100.0% renter share in ZIP 96119 indicates a significant long-term housing pressure. This statistic implies that virtually all residents are renters, which could be due to several factors including affordability issues, transient populations, or a preference for renting over owning. It also suggests that there is a continuous demand for rental properties, making it an attractive market for landlords who can meet the FMR standards without relying on speculative home sales.
Given the absence of market rent data, it's reasonable to infer that the Section 8 program plays a pivotal role in setting the rental rates for the area. Landlords should ensure their properties meet the necessary qualifications to participate in such programs, as they provide a stable source of income through government subsidies. The high renter share supports the notion that demand for rental units is robust, likely exceeding the supply, thus maintaining steady occupancy rates and rental incomes.
In conclusion, ZIP 96119 is a market dominated by rental demand, with the Section 8 program serving as a critical component in managing the housing landscape. For investors looking to capitalize on consistent rental returns, this ZIP code offers a promising opportunity, provided they align their offerings with the established FMR and cater to the needs of a population that predominantly 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.