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 ZIP code 93208 is located in the city of Bakersfield, California. This area is predominantly a suburban neighborhood characterized by its low density of residents and a unique demographic profile. With a total population of 157, it stands out due to the absence of reported renters, indicating that the vast majority of residents own their homes. The median income and median home value for this ZIP code are not available, suggesting either a very small sample size or an incomplete dataset.
Turning to the economic landscape for rental properties, the Fair Market Rent (FMR) for ZIP 93208 as of fiscal year 2024 is set at $1260. This figure represents the benchmark for housing costs under the Section 8 program. However, the lack of data on market rent makes it challenging to compare the FMR against typical local rental prices, which could be indicative of limited rental activity in the area.
In terms of suitability for different types of investors, ZIP 93208 appears to be less favorable for hands-off voucher operators. Given the scarcity of renters and the absence of clear market rent data, there is little evidence to support a high demand for subsidized housing units. On the other hand, for hands-on value-add buyers looking to capitalize on potential opportunities in a niche market, this ZIP code might offer some intriguing possibilities. These investors would need to conduct thorough due diligence to understand the local dynamics fully and identify any hidden gems where they could add value through improvements or strategic positioning.
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.