Location: Plumas County, CA | Metro: Lassen County, CA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
U.S. Census Bureau data (2024)
438,881 The median home value in Westwood, CA (ZIP 96137) stands at $438,881, reflecting a robust housing market. 975 Market rent for the area, according to Census ACS data, is $975, which is notably lower than the Fair Market Rent (FMR) set at $1,200 for the metro area in fiscal year 2026. 17.8 This indicates that only about 17.8% of residents are renters, suggesting a primarily owner-occupied community. 65,896 The median income of $65,896 provides insight into the economic status of the area's residents, indicating they have the financial capacity to afford higher rents or purchase homes. 0 In terms of market dynamics, the 0% price-cut share suggests that property values are stable and there is little need for landlords to reduce their rental rates. N/A-day The day DOM (Days on Market) figure being N/A implies that properties sell quickly once listed, further supporting the notion of a strong local real estate market. 1200 Given the $1,200 FMR for Section 8 participants, landlords can expect to receive competitive rental assistance payments that align well with the actual market conditions. 975 However, it's important to note that the market rent at $975 is significantly below the FMR, which could make Section 8 units particularly attractive to tenants. 438,881 With the median home value at $438,881 and considering the economic stability indicated by the median income, Section 8 can be a reliable source of steady rental income for landlords. 65,896 Moreover, the median income figure of $65,896 ensures that the local economy supports a good tenant pool, reducing the risk of non-payment. 0 The absence of any price-cutting activity also signals confidence in maintaining property values, which is beneficial for long-term investment strategies. 1200 For landlords and small-portfolio investors in Westwood, CA, the $1,200 FMR represents a fair and stable rental rate, making participation in the Section 8 program a sound financial decision.
Verdict: Section 8 participation is financially viable in Westwood, CA.
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.