Location: Visalia, CA | Metro: Visalia, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,410 |
| 4 Bedrooms | $2,820 |
| 5 Bedrooms | $3,271 |
| 6 Bedrooms | $3,664 |
| 7 Bedrooms | $3,957 |
| 8 Bedrooms | $4,155 |
U.S. Census Bureau data (2024)
ZIP code 93237, located within the Visalia, CA Metropolitan Statistical Area (MSA), presents a unique profile when compared against typical ZIP codes in the same MSA. The Fair Market Rent (FMR) for ZIP 93237 is set at $1300 for fiscal year 2024, which serves as a benchmark for affordable housing standards but does not provide direct insight into the market rent or median home values of the area.
The 60.9% renter share in ZIP 93237 is notably higher than the average for the Visalia, CA MSA. This suggests a strong demand for rental properties, potentially indicating an attractive environment for landlords and small-portfolio investors. However, without specific market rent and home value data for comparison, it's challenging to definitively categorize 93237 as a value pocket, mid-tier neighborhood, or premium sub-market.
Typically, a high renter share combined with below-average home values can signal a sweet spot for Section 8 investments. While the renter share in 93237 is significantly elevated, the absence of market rent and home value data prevents a direct comparison to other ZIP codes within the MSA. Nonetheless, the presence of a substantial number of renters and the defined FMR suggest that 93237 could be an advantageous location for Section 8 properties, assuming market rents align closely with the FMR.
To make a more informed decision, landlords and investors should consider conducting further research on the local rental market dynamics and property values. This will help determine if 93237 indeed offers a favorable balance between affordability and demand, positioning it as a valuable addition to their investment portfolios.
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.