Location: Visalia, CA | Metro: Hanford-Corcoran, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,210 |
| 5 Bedrooms | $2,564 |
| 6 Bedrooms | $2,872 |
| 7 Bedrooms | $3,102 |
| 8 Bedrooms | $3,257 |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1160 for ZIP 93201 in fiscal year 2024, landlords can expect to receive this amount as the maximum subsidy payment per unit. The Census ACS data indicates a market rent of $1,017, suggesting that properties priced at the FMR will be highly competitive and likely to attract tenants promptly. Given the median home value of $216,855, it's clear that the area offers a mix of affordable and slightly upscale housing options. However, with a renter share of 65.1%, it's evident that a majority of residents prefer leasing over buying, making rental investments particularly attractive.
The median income of $47,063 in ZIP 93201 reflects the financial capabilities of potential tenants. While the data does not provide days on market (DOM) or the percentage of homes that have had their prices cut, the high renter share and competitive market rents indicate a strong demand for rental properties. This demand supports the idea that rental units will be occupied quickly and without significant negotiation on price.
Landlords and small-portfolio investors should consider the following points when evaluating investment opportunities in ZIP 93201. First, the FMR is slightly above the market rent, which means that properties receiving Section 8 subsidies could command higher rents compared to the average. Second, the high renter share suggests a robust tenant pool, reducing the risk of vacancies. Lastly, the median income figure provides insight into the affordability of rents for local residents, indicating that the $1,017 market rent is within reach for most households.
In conclusion, the data paints a picture of a market where rental properties, especially those eligible for Section 8 subsidies, are well-positioned to succeed. The combination of a favorable FMR, a competitive market rent, and a strong renter base makes ZIP 93201 an attractive investment location for landlords and small-portfolio investors.
Section 8 Verdict: Suitable for investment.
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.