Section 8 Fair Market Rent (FMR) for ZIP 93528 - 2027
Location: Bakersfield-Delano, CA | Metro: Bakersfield-Delano, CA MSA
FY 2027 Fair Market Rent Rates
| 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 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should invest in ZIP code 93528 for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1260 cover the debt service on a property?
- If yes: The FMR is sufficient to cover your monthly mortgage payments and other financing costs. Proceed to the next question.
- If no: Investing in this area would not be financially viable under the current Section 8 guidelines. Do not purchase a property in ZIP 93528 for Section 8 purposes.
- Is the market rent above, at, or below the FMR?
- If above: Market rents exceed the FMR, indicating that Section 8 tenants might struggle to find other options. This can be beneficial for securing long-term tenants, but you will be limited to the FMR for rental income.
- If at or below: Market rents align closely with the FMR, making it easier to attract non-Section 8 tenants who can pay higher rates. However, you must still evaluate the demand for rentals.
- Are the rental demand indicators sufficient?
- If the demand is high: With 0.0% of renters and N/A-day days on the market (DOM), there is likely insufficient demand for rental properties in ZIP 93528. High DOM indicates difficulty in finding tenants, which can lead to vacancies and lost income.
- If the demand is moderate to low: Evaluate other factors such as location, property condition, and competition before making a final decision. It depends on these additional considerations whether the investment is worthwhile.
The analysis of ZIP 93528 shows that while the FMR is set at $1260 for fiscal year 2024, the lack of specific data on market rent and the low percentage of renters coupled with an unspecified number of days on the market indicate challenges in securing consistent tenant interest. Therefore, unless you can confidently answer 'yes' to the first question and have a clear understanding of the local rental market beyond the provided data, investing in this ZIP code for Section 8 purposes would be unadvisable.
Data Sources: FMR data from HUD (2027). 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.