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 | $1,090 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,970 | $274,445 | 0.72% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 93272 within the Visalia, CA MSA reveals several key points for landlords and small-portfolio investors. First, let's examine whether the rent math works. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,400, while the Census ACS indicates a market rent of $1,333. This means that the FMR is slightly higher than the market rate, which could be beneficial for landlords seeking to maximize their rental income. However, it also suggests that rents may need to be adjusted to remain competitive.
Moving on to the affordability of acquisitions, the median home value in the ZIP code stands at $268,241. With no data available on days on market (DOM) or the percentage of homes needing price cuts, it is difficult to assess how quickly properties can be sold or if they require significant price reductions to attract buyers. Despite these limitations, the median home value provides a solid anchor point for understanding the cost of acquiring real estate in the area.
Lastly, we consider the demand for tenants. The population of ZIP 93272 is 3,818, with a substantial 76.2% of residents being renters. This high renter share indicates a robust demand for rental properties, which is positive for landlords looking to fill units. The combination of a relatively low median home value and a high percentage of renters suggests that the area may be attractive to first-time homebuyers and young families, further bolstering the potential tenant pool.
In summary, the rent math in ZIP 93272 is favorable, with the FMR slightly above the market rate. Acquisition costs are moderate, with the median home value at $268,241, though the lack of DOM and price-cut data introduces some uncertainty. Tenant demand is strong, driven by a high renter share of 76.2%. Overall, the area presents a viable investment opportunity for those willing to navigate the slight discrepancies between market and FMR rates and the limited data on property turnover speeds.
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.