Location: Bakersfield-Delano, CA | Metro: Bakersfield-Delano, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $2,080 |
| 4 Bedrooms | $2,480 |
| 5 Bedrooms | $2,877 |
| 6 Bedrooms | $3,222 |
| 7 Bedrooms | $3,480 |
| 8 Bedrooms | $3,654 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 93226 reveals a unique balance between yield potential and market stability, making it an intriguing area for real-estate investment, particularly for those interested in Section 8 properties.
On the yield axis, the Fair Market Rent (FMR) for ZIP 93226 in fiscal year 2024 stands at $1330. This figure is significant because it represents the benchmark rent for subsidized housing units under the Section 8 program. The FMR does not provide a direct comparison to the local market rents or home values, which are currently marked as N/A, indicating that additional research would be necessary to understand how this FMR compares to non-subsidized rental rates and property values.
Moving to the stability axis, the percentage of renters in ZIP 93226 is 14.7%. While this figure alone does not give a complete picture of the market's stability, it suggests that a notable portion of the population relies on rental housing. The lack of data on days on market (DOM) and median household income makes it challenging to fully assess the stability of the rental market. However, with a higher percentage of renters, there is a consistent demand for rental properties, which can contribute to stability if the supply of rental units is managed effectively.
Given the available data, ZIP 93226 does not fit neatly into either a high-yield/low-stability "flip-style" market or a steady-cashflow zone. The FMR provides a clear indication of the expected rental income for Section 8 properties, but without comparative market data, it's difficult to classify the yield as high or low relative to non-subsidized opportunities. Similarly, while the presence of renters indicates some level of demand, the missing metrics on DOM and income prevent a definitive assessment of the market's stability.
To make a more informed decision, landlords and small-portfolio investors should consider conducting further research to fill in the gaps regarding local market rents and home values, as well as the economic conditions that could impact the stability of the rental market. With these additional pieces of information, the true nature of ZIP 93226's investment landscape will become clearer.
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.