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)
The market analysis for Section 8 investors in ZIP code 93262, located within the Visalia, CA MSA, reveals several key insights. The HUD Fair Market Rent (FMR) for this area is set at $1700 for FY 2024. However, the market rent data is currently unavailable, making it difficult to directly compare the two figures. Based on the available HUD FMR, voucher tenants in ZIP 93262 would typically cashflow at the FMR rate, but the exact degree depends on the actual market rent levels.
The median home value in ZIP 93262 is also not available at this time, which complicates deriving an accurate rent-to-price ratio. This ratio is crucial for understanding the broader rent versus buy dynamics in the area. Without a specific median home value, it's challenging to provide a precise rent-to-price ratio, but we can infer that if market rents are lower than $1700, voucher tenants will likely have positive cash flow, whereas higher market rents could result in marginal cash flow or necessitate premium units to maintain profitability.
The days on market (DOM) and price cut share percentages are not provided, which means we cannot comment on how quickly properties are selling or if there's a trend towards lowering prices to attract buyers. These metrics are important when considering the rent-versus-buy dynamics, as they can indicate whether rental properties or owned homes are more attractive to residents. If the DOM is low and price cut shares are minimal, it suggests a strong preference for owning over renting, which could impact long-term investment strategies.
In conclusion, given the current data, the strongest angle for Section 8 investors in ZIP 93262 is cashflow. With the HUD FMR at $1700, landlords can expect steady income from voucher tenants, assuming market rents do not significantly exceed this figure. Stability is another significant factor, as the consistency of government-backed vouchers provides reliable revenue streams, which is particularly valuable in areas where market rent fluctuations are common.
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.