Location: Bakersfield-Delano, CA | Metro: Bakersfield-Delano, CA MSA
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 | $1,140 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,490 |
| 5 Bedrooms | $2,888 |
| 6 Bedrooms | $3,235 |
| 7 Bedrooms | $3,494 |
| 8 Bedrooms | $3,669 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,490 | $197,973 | 0.75% | D |
| 3BR | $2,060 | $283,136 | 0.73% | D |
| 4BR | $2,490 | $339,905 | 0.73% | D |
| 5BR | $2,888 | $382,137 | 0.76% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 93203, Arvin, California, in fiscal year 2024 is set at $1180. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not necessarily the actual rent you will receive; it is the benchmark used by the Housing Choice Voucher program to determine reasonable rent levels.
In comparison, the average rent in Arvin according to recent Census data (American Community Survey) is $1,122. This suggests that the FMR is slightly above the local average, which could be advantageous if you're looking to participate in the Section 8 program.
With a significant 46.3% of residents being renters, there is a substantial demand for rental housing in Arvin. This high percentage indicates that many people in the area rely on rentals, including those who might benefit from the Section 8 program.
If you're considering purchasing a property to use as a Section 8 rental, the median home value in Arvin is approximately $297,003. This gives you an idea of the potential acquisition cost for a property in the area. However, keep in mind that properties eligible for Section 8 must meet certain standards, such as passing a housing quality inspection.
Before making your decision, it's crucial to verify that the property you are interested in meets all the requirements set forth by the Section 8 program. This includes ensuring that the property is safe, decent, and sanitary, and that it complies with local building codes and housing standards.
To summarize, the FMR of $1180 provides a guideline for rent levels under Section 8, slightly above the local average of $1,122. The high renter share of 46.3% ensures a steady demand for rental properties. With an acquisition cost around $297,003, the investment can be worthwhile, but make sure the property meets the necessary criteria to participate in the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.