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Shasta County/Millville/96062

96062

ZIPSAFMR
Shasta County, CA
Zillow

ZIP Investment Score

87Below average

095130300
BRFMR
Eff. Rent
0 BR$1,530$1,530
1 BR$1,540$1,540
2 BR$2,010$2,010
3 BR$2,780$2,780
4 BR$3,360$3,360
5 BR$3,864Not available
6 BR$4,444Not available
7 BR$5,110Not available
8 BR$5,877Not available

Purchase Price Calculator

Maximum purchase price
$236,769

Cost breakdown

+Likely effective rent$2,010
HUD FMRUsed$2,010
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,197
Loan amount$189,415
Down payment$47,354
Rate6.50%
Term30 years
-Operating costs-$613
Property taxes-$237
Insurance-$175
Utilities$0
HOA$0
Management-$201
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,192(68.0% ROI)
Projected value
$254,974
Return breakdown
Property appreciation+$18,205
Loan principal paid down+$6,786
Rental cash flow+$7,200
5-year hold
+$55,215(116.6% ROI)
Projected value
$267,882
Return breakdown
Property appreciation+$31,113
Loan principal paid down+$12,102
Rental cash flow+$12,000
10-year hold
+$119,152(251.6% ROI)
Projected value
$303,084
Return breakdown
Property appreciation+$66,315
Loan principal paid down+$28,836
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 96062 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 96062 (Millville, CA) is $2,010 a month. That is up 26.4% from $1,590 in FY 2026. Millville is in the Redding, CA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,581. Among 30 ZIP codes in Shasta County, 96062 has the 2nd-highest two-bedroom rent (county range $1,440–$2,160). The median county two-bedroom FMR in California is $1,725, so ZIP 96062 is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 96062
BedroomsFY 2027Change90–110% range
Studio$1,530+30.8%$1,377–$1,683
1BR$1,540+27.3%$1,386–$1,694
2BR$2,010+26.4%$1,809–$2,211
3BR$2,780+25.8%$2,502–$3,058
4BR$3,360+25.8%$3,024–$3,696

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 96062
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,530$1,540$2,010$2,780$3,360
FY 2026$1,170$1,210$1,590$2,210$2,670
FY 2025$1,150$1,230$1,610$2,260$2,700
FY 2024$1,070$1,190$1,570$2,210$2,660
FY 2023$940$1,060$1,400$1,990$2,380

Two-bedroom rent in nearby Shasta County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 96062
96040$1,580−21.4%
96047$1,480−26.4%
96051$1,440−28.4%
96056$1,450−27.9%
96062Current$2,010—
96065$1,580−21.4%
96069$1,580−21.4%
96071$1,580−21.4%
96073$2,160+7.5%
96076$1,440−28.4%
96084$1,580−21.4%
96087$1,620−19.4%

Questions about ZIP 96062 rents

How much will Section 8 pay for a two-bedroom in ZIP 96062?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,581, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,423 to $1,739 a month; under the ZIP-level Small Area FMR of $2,010 it would be $1,809 to $2,211. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 96062 in?

ZIP 96062 is in the Redding, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,581.

How much did fair market rent change in ZIP 96062 for FY 2027?

The two-bedroom FMR rose 26.4%, from $1,590 in FY 2026 to $2,010 in FY 2027. Since FY 2023 it has risen 43.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentMillville, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources