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 | $1,110 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $2,010 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,460 | $308,024 | 0.47% | F |
| 3BR | $2,010 | $488,484 | 0.41% | F |
| 4BR | $2,360 | $602,456 | 0.39% | F |
U.S. Census Bureau data (2024)
1240 is the Fair Market Rent (FMR) for ZIP code 93265 (Springville, CA) as of fiscal year 2024, indicating the maximum amount Section 8 participants can be charged for a two-bedroom apartment. 835 represents the average market rent reported by the Census Bureau's American Community Survey, suggesting a significant gap between the FMR and what the market demands. This discrepancy highlights the potential for rental income above the subsidized rate, which can be advantageous for landlords participating in the program.
425,674 is the median home value in Springville, which places it within a moderate range compared to other areas in California. However, the 9.6% renter share indicates that a relatively small portion of the population rents their homes, possibly due to the area's affordability and the preference for homeownership among residents. Given the $99,350 median income, tenants are likely to have sufficient financial stability to meet rental obligations, even if they are on a tight budget.
The N/A-day Days on Market (DOM) figure suggests that there is limited data on how long properties typically stay on the market before being rented, which could imply steady demand for rental units. The 0.1% price-cut share further supports this notion, showing that very few landlords need to reduce their asking prices to attract tenants, indicating a strong rental market.
In conclusion, Springville offers a fair opportunity for landlords and small-portfolio investors to engage with the Section 8 program. With a robust market that minimizes the need for price adjustments and a stable tenant base supported by the local economy, the potential for successful Section 8 participation is high. The disparity between the FMR and market rent also provides an incentive for landlords to join, as they can potentially earn above the subsidy limits. 1240 FMR combined with a 835 market rent means landlords can charge more than the subsidy, while still providing affordable housing options. Therefore, Springville, CA is a favorable location for landlords interested in the Section 8 program.
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.