Location: Bakersfield-Delano, CA | Metro: Bakersfield-Delano, 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 | $1,280 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,790 |
| 5 Bedrooms | $3,236 |
| 6 Bedrooms | $3,624 |
| 7 Bedrooms | $3,914 |
| 8 Bedrooms | $4,110 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,670 | $233,771 | 0.71% | D |
| 3BR | $2,310 | $343,563 | 0.67% | D |
| 4BR | $2,790 | $435,092 | 0.64% | D |
| 5BR | $3,236 | $511,245 | 0.63% | D |
U.S. Census Bureau data (2024)
1230 is the Fair Market Rent (FMR) for ZIP code 93263, Shafter, CA, set for fiscal year 2024. 1285 represents the average market rent in the area, according to recent Census Bureau data. This indicates that the FMR is slightly below the market rate, suggesting a potential opportunity for landlords who can offer units at or near the FMR. 382041 is the median home value in Shafter, which is relatively low compared to many other areas in California, making it an affordable option for both homeowners and renters. 37.1 percent of the population in Shafter are renters, highlighting a significant demand for rental properties. However, the median income of 71528 suggests that a portion of these renters may struggle to afford higher rents, making the Section 8 program particularly relevant. The day DOM (Days on Market) figure is N/A, indicating that there isn't enough data to determine how quickly properties are typically rented out. This could be due to various factors, including the size of the real estate market in Shafter. The price-cut share stands at 0.2 percent, showing that very few landlords are forced to lower their rental rates to attract tenants, which is a positive sign for maintaining rental income levels.
In summary, Shafter offers a balance between affordability and demand, with a significant portion of the population renting. Given the low median income and the close alignment of the FMR with the market rent, participation in the Section 8 program can be a viable strategy for landlords and small-portfolio investors looking to capitalize on the rental market without overpricing their units. 1230 FMR ensures that units remain accessible to those who need it most, while still allowing landlords to cover their costs and earn a reasonable profit.
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.