Location: Visalia, CA | Metro: Visalia, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 93207 are straightforward. The SAFMR (Standard Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2024 is set at $1300. This figure represents the maximum amount that the housing authority will pay landlords for a unit under the Section 8 program.
To understand the actual payment, consider the components of the voucher. Tenants contribute a portion of their income towards rent, typically around 30%. For example, if a tenant's monthly income is $1000, they would pay approximately $300 towards rent. The remaining balance is covered by the housing assistance payment, which is calculated based on the SAFMR minus the tenant’s contribution. In ZIP 93207, the housing authority would pay the difference between the SAFMR and the tenant’s portion, up to $1300.
Utility allowances are also part of the equation. These allowances vary but generally cover a significant portion of the tenant’s utilities. If a utility allowance of $200 is included, it is paid directly to the landlord, adding to the total reimbursement.
Let's break down an example scenario. If a tenant in ZIP 93207 contributes $300, and the utility allowance is $200, the housing authority would pay the landlord $1000. This totals $1300, which is the SAFMR for a two-bedroom unit. However, since the local market rent data is currently unavailable, we cannot determine if there is a surplus or a gap between the market rent and the SAFMR.
For landlords, the key point is that the reimbursement is capped at $1300 for a two-bedroom apartment in ZIP 93207. Any rent above this amount must be paid by the tenant, making it important to set your rental rates strategically. If you charge more than $1300, the tenant must make up the difference, which can impact their ability to afford additional expenses such as utilities and maintenance fees.
In conclusion, landlords in ZIP 93207 should expect a reimbursement of $1300 for a two-bedroom apartment, including the tenant’s contribution and utility allowance. The exact surplus or gap compared to the local market rent remains unknown due to the lack of available data.
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.