Location: Bakersfield-Delano, CA | Metro: Bakersfield-Delano, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,270 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,770 |
| 5 Bedrooms | $3,213 |
| 6 Bedrooms | $3,599 |
| 7 Bedrooms | $3,887 |
| 8 Bedrooms | $4,081 |
The Fair Market Rent (FMR) for ZIP 93386 in FY 2024 is set at $1260. This figure serves as a benchmark for determining the rental subsidy amount under the Section 8 program. Given that the market and median home value data for this ZIP code are currently unavailable, the FMR provides a reliable anchor for ensuring steady rental income. Landlords and small-portfolio investors can rely on this fixed rental rate to predict and manage their cash flows effectively.
While appreciation plays and diversifiers require more specific data points such as median home values, price-cut shares, and median incomes, which are not fully available for ZIP 93386, the consistent rental income supported by the Section 8 program makes it a solid choice for generating predictable returns. The lack of detailed market data suggests that this area may not be experiencing rapid appreciation or significant shifts in tenant demographics, making it a stable investment for those seeking reliable cash flow.
In conclusion, ZIP 93386 should be considered as a cash-flow anchor within a Section 8 portfolio strategy, leveraging the guaranteed rental income of $1260 to provide stability and predictability for landlords and investors.
Data Sources: FMR data from HUD (2027).
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.