Location: Visalia, CA | Metro: Visalia, 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 | $1,500 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,420 |
| 5 Bedrooms | $2,807 |
| 6 Bedrooms | $3,144 |
| 7 Bedrooms | $3,396 |
| 8 Bedrooms | $3,566 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,500 | $275,250 | 0.54% | F |
| 3BR | $2,060 | $383,398 | 0.54% | F |
| 4BR | $2,420 | $537,723 | 0.45% | F |
| 5BR | $2,807 | $742,002 | 0.38% | F |
U.S. Census Bureau data (2024)
The market in ZIP 93221, Exeter, CA, presents a dynamic equilibrium between supply and demand. With a Fair Market Rent (FMR) set at $1310 for fiscal year 2024 and an actual market rent of $1,333 based on recent Census American Community Survey (ACS) data, it indicates that rental rates are slightly above what is considered fair by HUD standards, suggesting a slight lean towards demand outpacing supply.
The low price-cut share of 0.2% implies that landlords are not frequently reducing their rental prices, which further supports the idea that demand is robust. However, the absence of data on days on market (DOM) means we cannot conclusively determine the speed at which properties are being leased, leaving some ambiguity regarding the immediate supply-demand balance.
The median home value of $387,922 reflects the overall affordability and desirability of homeownership in the area. This figure can be compared against average income levels to gauge the financial strain on potential buyers, though such data is not provided here. Nonetheless, it suggests a middle-class community where homes are neither excessively expensive nor cheap relative to typical U.S. markets.
A significant 39.8% of residents are renters, indicating substantial long-term housing pressure. In areas where renter share is high, there is often a persistent need for affordable housing options. This percentage signals that a considerable portion of the population relies on rental properties, which could mean ongoing challenges for homeownership due to limited availability or high costs.
In summary, the snapshot of ZIP 93221 reveals a market where demand is likely keeping pace with supply, if not slightly exceeding it, particularly in the rental sector. The high renter share points to a continuous pressure on the housing market, favoring investments in rental properties over speculative purchases aimed at flipping homes.
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.