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 96136 presents a unique snapshot in the rental market, particularly concerning Section 8 housing. The Fair Market Rent (FMR) for the area is set at $1,280 for fiscal year 2026, indicating a clear benchmark for affordability and subsidy levels. However, the absence of current market rent data suggests a less active or possibly more regulated rental environment compared to other regions.
The 0.0% renter share statistic is noteworthy. It implies that, within the context of ZIP 96136, homeownership is the predominant form of housing tenure. This could signal a long-term trend towards stable, owner-occupied housing, which might reduce immediate pressures on rental availability but also highlights a potential challenge for renters seeking affordable options. Landlords and small-portfolio investors should consider this dynamic when assessing the demand for rental properties subsidized through programs like Section 8.
The lack of data on price-cut share and days on market (DOM) indicates that either the market is relatively stable, with few properties needing to be discounted to attract tenants, or there's insufficient activity to generate meaningful trends. Given the high FMR and low renter share, it's plausible that demand for rental units is lower than supply, making it a buyer's market for renters and potentially challenging for landlords who rely on rental income.
In summary, ZIP 96136 appears to be a market where homeownership is preferred over renting, and the rental market, particularly for subsidized housing, faces limited demand. For investors, understanding these dynamics can help in making informed decisions about property acquisition and management strategies, especially when considering the impact of Section 8 subsidies on their investment portfolios.
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.