Location: Sacramento--Roseville--Arden-Arcade, CA | Metro: Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,350 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,270 |
| 4 Bedrooms | $2,640 |
| 5 Bedrooms | $3,062 |
| 6 Bedrooms | $3,429 |
| 7 Bedrooms | $3,703 |
| 8 Bedrooms | $3,888 |
The ZIP code 96155 is located in South Lake Tahoe, California. The area is characterized by a small population, with only 8 residents recorded. Given such a low number, specific demographic details like the percentage of renters, median income, and median home value are not reliably reported. However, the economic context can be understood through the rental market.
In terms of rental economics, the Fair Market Rent (FMR) for ZIP code 96155 is set at $2020 for fiscal year 2024. This figure represents the benchmark used by the U.S. Department of Housing and Urban Development (HUD) for determining payment standards for housing assistance programs. The lack of detailed market rent data suggests that the area may have unique characteristics that make it difficult to compare directly with other markets.
Given the limited population and the absence of comprehensive rental market data, ZIP code 96155 is more suited for hands-off voucher operators rather than hands-on value-add buyers. The small size and potentially specialized nature of the rental market mean that active management strategies may not yield significant returns. Instead, passive strategies focusing on maintaining properties to meet HUD standards and ensuring timely rent payments would be more appropriate.
Data Sources: FMR data from HUD (2027).
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.