Section 8 Fair Market Rent (FMR) for ZIP 93258 - 2027
Location: Visalia, CA | Metro: Visalia, CA MSA
FY 2027 Fair Market Rent Rates
| 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 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$51,319
To determine if you should invest in ZIP code 93258 for Section 8 properties, follow this decision tree:
1) Does FMR ($1090 - zip FY 2024) cover debt service on a property?
- No: If the Fair Market Rent (FMR) of $1090 does not exceed your debt service requirements, then purchasing a property in ZIP 93258 is not financially viable. Debt service includes all mortgage payments, insurance, taxes, and maintenance costs.
- Yes: Proceed to the next question.
2) Is market rent ($1,113 - Census ACS) above, at, or below FMR?
- Above: The market rent of $1,113 is higher than the FMR of $1090, indicating that you could potentially charge more than what is covered by Section 8 vouchers. This makes the investment more attractive because you can also cater to non-Section 8 tenants who might pay the market rate.
- At: The market rent matches the FMR, meaning you will be charging exactly what the voucher covers. This scenario is less risky but offers no premium over the FMR.
- Below: If the market rent were below the FMR, it would suggest an anomaly since the FMR is set to ensure that rents are affordable and competitive. Given the data, this branch does not apply.
3) Are 54.6% renters + N/A-day DOM enough demand?
- It depends: With 54.6% of the population being renters, there is significant rental demand in ZIP 93258. However, the number of days on market (DOM) is missing, which is crucial to assess how quickly properties are rented out. If the DOM is low, it indicates strong demand and a favorable market for Section 8 properties. Conversely, a high DOM suggests that finding tenants might be challenging.
In summary, if the FMR of $1090 clears your debt service, and the market rent of $1,113 is either equal to or above the FMR, ZIP 93258 can be considered for Section 8 investments. The final decision hinges on the DOM, which will clarify the speed and ease of renting out properties in this area.
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.