Location: Sacramento--Roseville--Arden-Arcade, CA | Metro: Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,330 |
| 1 Bedroom | $2,400 |
| 2 Bedrooms | $2,940 |
| 3 Bedrooms | $3,860 |
| 4 Bedrooms | $4,450 |
| 5 Bedrooms | $5,162 |
| 6 Bedrooms | $5,781 |
| 7 Bedrooms | $6,243 |
| 8 Bedrooms | $6,555 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,940 | $858,808 | 0.34% | F |
| 3BR | $3,860 | $1,169,275 | 0.33% | F |
| 4BR | $4,450 | $1,790,698 | 0.25% | F |
| 5BR | $5,162 | $2,712,815 | 0.19% | F |
U.S. Census Bureau data (2024)
ZIP code 96141, located in Homewood, CA, falls within the larger Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1,930. To contextualize this figure, consider that the average FMR for ZIP codes within this HUD Metro area is typically lower, suggesting that 96141 could be considered a premium sub-market. The market rent in 96141 is listed at $2,563, which further supports this classification as it exceeds the FMR.
The median home value in 96141 stands at $1,287,401. This figure is notably higher than the typical home values found across other ZIP codes within the Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area, reinforcing its status as a premium sub-market. High home values often correlate with higher rental prices, indicating that both buying and renting properties in 96141 come at a premium compared to the broader metropolitan area.
The renter share in 96141 is 15.4%, which is relatively low when compared to the average renter share in many other ZIP codes within the Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area. A lower renter share suggests a higher proportion of homeowners, which is consistent with the premium nature of the housing market in this area. However, the presence of a significant number of renters, even if not the majority, along with the high FMR and market rent, indicates that there is still considerable demand for rental properties in this ZIP code.
Given the specific figures, 96141 appears to be a premium sub-market within its metro area. The combination of high FMR, market rent, and median home value points to a region where property costs are above average. While the renter share is not exceptionally high, it does not detract from the overall premium positioning of the ZIP code. There is no strong indication based on the provided data that 96141 is a value pocket or a mid-tier neighborhood; rather, it aligns closely with characteristics of a premium sub-market.
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.