Location: Visalia, CA | Metro: Visalia, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 93260 in fiscal year 2024 is set at $1300. This figure represents the payment standard for Section 8 housing vouchers in your area, which is the maximum amount the government will pay on behalf of eligible tenants. It's important to note that this is not the rent you can charge; it's the limit on the subsidy.
While the local median rent is not available, we can use the FMR as a benchmark to understand the potential market. With a typical renter share of 30%, this means that a tenant receiving a Section 8 voucher would be responsible for approximately $390 per month in rent ($1300 x 0.30).
The lack of specific data on local rents makes it challenging to compare directly, but generally, if the average rent in your area is higher than $1300, landlords might find it difficult to attract tenants who can cover the remaining balance beyond the voucher amount. Conversely, if local rents are lower, the program could be more attractive to both tenants and landlords.
Regarding acquisition costs, the data does not provide specific figures for ZIP 93260. However, landlords should consider the overall costs of bringing a property up to the required standards for Section 8 eligibility. These costs can include repairs, upgrades, and other improvements necessary to meet the program's criteria.
A clear action item for landlords considering their first Section 8 rental is to verify the condition of the property against the Housing Quality Standards (HQS). This ensures that the property meets all necessary requirements before applying for the program. Failure to comply with these standards can result in delays or disqualification from participating in Section 8.
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.