Location: Hanford-Corcoran, CA | Metro: Hanford-Corcoran, 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 | $1,040 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,210 |
| 5 Bedrooms | $2,564 |
| 6 Bedrooms | $2,872 |
| 7 Bedrooms | $3,102 |
| 8 Bedrooms | $3,257 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,840 | $221,334 | 0.83% | C |
U.S. Census Bureau data (2024)
The ZIP code 93239 stands out in several ways. With a population of 1,461 residents, it has an exceptionally high rental rate of 86.7%, indicating that most residents prefer leasing over homeownership. The median income here is $48,231, which is relatively modest compared to the median home value of $216,165, suggesting a significant disparity between income levels and property values.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 93239 in fiscal year 2024 is set at $1,160, while the market rent based on Census ACS data is $1,082. This means that landlords accepting Section 8 vouchers can expect slightly higher rents than the current market average, making it a potentially attractive option for property owners looking to stabilize their cash flow.
The data signature for ZIP 93239 reads as stable. Despite the high rental rate and modest median income, the relatively low difference between FMR and market rent suggests that the local housing market is well-adjusted to support both voucher holders and non-voucher tenants. Landlords should find consistent demand for their properties, with a slight premium for those participating in the Section 8 program.
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.