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 | $1,020 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,340 | $169,633 | 0.79% | D |
| 3BR | $1,860 | $229,188 | 0.81% | C |
U.S. Census Bureau data (2024)
The classification of ZIP 93205, Bodfish, CA, on the axes of yield and stability reveals a unique market position. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,030, which is notably higher than the market rent of $974. This suggests a potential for higher rental yields when compared to the actual market conditions. Additionally, the median home value in the area is $186,235, indicating that property values are relatively stable and affordable.
Evaluating stability, we find that approximately 34.2% of residents are renters, which is a moderate figure. However, the lack of data on the number of days on market (DOM) makes it challenging to assess the speed at which properties are rented out. The average household income of $39,590 provides insight into the financial capacity of potential tenants, suggesting that while there is a decent demand for rentals, the income levels might limit the ability to sustain higher rents consistently.
Given these figures, ZIP 93205 leans towards being a steady-cashflow zone. The higher FMR compared to market rent indicates that there is room to increase rental income without significantly compromising occupancy rates, assuming that the income levels support the higher rent. The moderate percentage of renters and the reasonable median home value suggest that the market is stable enough to provide consistent returns, albeit not at the level of high-yield/low-stability markets typically seen in more volatile areas. Landlords and small-portfolio investors can expect reliable cash flow with moderate growth potential, making it a suitable option for those seeking a balanced approach to real estate investment.
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.