Location: Visalia, CA | Metro: Fresno, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,220 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $2,090 |
| 4 Bedrooms | $2,400 |
| 5 Bedrooms | $2,784 |
| 6 Bedrooms | $3,118 |
| 7 Bedrooms | $3,367 |
| 8 Bedrooms | $3,535 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for a two-bedroom home in ZIP 93603 for fiscal year 2024 is set at $1,530. While the specific market rent for the area is not provided, the median home value in Visalia is $392,972. This suggests that the rental income generated from properties in ZIP 93603 will be consistent and reliable, especially when considering the guaranteed payment structure of Section 8 vouchers.
The median income in Visalia is $79,952. Given the FMR figure and the median income, it's reasonable to infer that the rental income from properties in this ZIP code will be stable and provide a solid foundation for a landlord's or investor's portfolio. The guaranteed nature of Section 8 payments ensures that there is less risk associated with defaulting tenants, making this area particularly suitable for those seeking steady cash flow.
To further illustrate why ZIP 93603 serves as a cash-flow anchor, consider the following:
The high percentage of renters in the area, at 62.5%, indicates a strong demand for rental properties. This demand is likely to be sustained by the presence of Section 8 voucher holders who require affordable housing options.
The FMR of $1,530 provides a benchmark for the rental income that can be expected from a two-bedroom unit in this ZIP code. This figure is crucial for determining the potential cash flow from a property under a Section 8 contract.
In conclusion, ZIP 93603 in Visalia, CA, offers a reliable cash flow due to the combination of the FMR, median home value, and significant renter population. It is well-suited for landlords and small-portfolio investors looking to anchor their financial stability with consistent rental income.
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.