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 | $1,210 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,200 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,590 | $187,281 | 0.85% | C |
| 3BR | $2,200 | $250,079 | 0.88% | C |
| 4BR | $2,660 | $296,831 | 0.9% | C |
U.S. Census Bureau data (2024)
The ZIP code 93501, located in Mojave, California, presents an interesting scenario when analyzed from a renter’s perspective. The median household income here stands at $56,737 according to the latest Census ACS data. In comparison, the market rate for rent is $1,238 per month, which places a significant burden on the average household. This means that a substantial portion of the monthly income—approximately 25 percent—is dedicated to housing costs.
To put this into context, the Federal Market Rent (FMR) for ZIP 93501 in fiscal year 2024 is set at $1,060. This represents the maximum amount that a Section 8 voucher would cover for a household in this area. It is important to note that the FMR is lower than the market rate, indicating a clear affordability gap for renters relying solely on vouchers. The difference between the market rate ($1,238) and the voucher payment ($1,060) is $178, which could be a significant challenge for low-income households.
Mojave has a relatively high percentage of renters at 57.5%, with a total population of 6,435. Given the disparity between the median income and the market rent, many residents likely struggle to find affordable housing without assistance. This creates a competitive landscape for landlords, as those who accept Section 8 vouchers may attract a larger pool of tenants compared to those who do not.
The takeaway for landlords considering their strategy in ZIP 93501 is clear: accepting Section 8 vouchers can be a viable approach to securing steady tenants. However, it also means accepting a lower rental rate than the market average. Landlords must weigh the benefits of guaranteed payments against the potential for higher rents from cash-paying tenants. For small-portfolio investors, the decision might come down to the balance between financial stability and maximizing rental income. Understanding the local tenant demographics and preferences is crucial in making this decision.
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.