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 | $1,180 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,520 |
| 5 Bedrooms | $2,923 |
| 6 Bedrooms | $3,274 |
| 7 Bedrooms | $3,536 |
| 8 Bedrooms | $3,713 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,150 | $307,041 | 0.7% | D |
U.S. Census Bureau data (2024)
The ZIP code 93227 stands out due to its unique mix of low population density and high median home values, combined with a significant rental market share. With only 221 residents, this area has a rental rate of 55.6%, indicating that over half of the housing units are rented. The median home value is exceptionally high at $294,786, which suggests that homeownership in this ZIP code is primarily reserved for those with higher incomes. However, the lack of reported median income data means that the economic profile of the residents remains somewhat unclear.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 93227 in fiscal year 2024 is set at $1300. This figure represents the maximum amount that landlords can charge for rent under the Section 8 program. Unfortunately, the market rent data is not available, making it difficult to compare the FMR against typical rental rates in the area. Nonetheless, the high median home value suggests that rental prices could be similarly elevated, potentially creating a scenario where landlords might find the FMR insufficient to cover their costs.
Based on the data signature, ZIP 93227 appears to be a transitional area. The high median home value alongside a substantial rental market share indicates ongoing changes in the local real estate landscape. Landlords and small-portfolio investors should closely monitor both rental demand and any future updates to median income and market rent data to better understand the financial viability of accepting Section 8 vouchers in this ZIP code.
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.