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 | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,330 | $241,100 | 0.55% | F |
| 3BR | $1,830 | $310,125 | 0.59% | F |
| 4BR | $2,160 | $358,051 | 0.6% | D |
U.S. Census Bureau data (2024)
The ZIP code 93247, located in Lindsay, CA, is situated within the larger Visalia, CA Metropolitan Statistical Area (MSA). When comparing the specific figures for ZIP 93247 to typical ZIP codes within the Visalia MSA, several insights emerge.
Firstly, the Fair Market Rent (FMR) for ZIP 93247 in fiscal year 2024 is set at $1050. This figure closely aligns with the market rent of $1,073, indicating that the rental prices are fairly competitive within the region. The home value in Lindsay stands at $311,864, which is likely reflective of the overall housing market conditions in the Visalia MSA. However, the renter share in ZIP 93247 is notably higher at 45.9%.
A comparison to typical Visalia, CA MSA ZIPs reveals that ZIP 93247 exhibits characteristics of both a value pocket and a potential Section 8 sweet spot. Its rental prices are slightly below the average market rents, suggesting it could be an attractive area for budget-conscious renters. Additionally, the high renter share combined with below-average home values indicates a strong presence of rental demand relative to homeownership, which is often a key indicator of a Section 8-friendly neighborhood.
To further clarify the position of ZIP 93247 within the Visalia MSA, consider the following points:
The FMR and market rent being nearly identical suggests a stable rental market where government subsidies can effectively support tenants.
The home value is lower than what might be expected in more affluent areas of the MSA, making it a value pocket for those looking to invest in properties without the premium price tag.
The significant renter share implies a robust rental market, driven partly by the availability of subsidized housing options, which benefits landlords and small-portfolio investors seeking steady rental income.
In conclusion, ZIP 93247 appears to be a value pocket within the Visalia, CA MSA, with a particular alignment towards being a Section 8 sweet spot due to its high renter share and relatively low home values compared to other ZIPs in the area. This positioning makes it an appealing location for real estate investment focused on the rental market.
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.