Location: Fresno, CA | Metro: Fresno, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,400 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,400 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
U.S. Census Bureau data (2024)
The ZIP code 93605 is characterized by a significant proportion of renters, with 30.0% of the population renting their homes. This indicates a moderate renter-heavy environment, though the exact depth of voucher demand cannot be determined without further data on the number of Section 8 vouchers in circulation. The median household income for this area is currently unavailable, which makes it challenging to provide a precise analysis of the financial situation of potential tenants.
Despite the lack of specific income data, we can still assess the impact of market rents relative to the Fair Market Rent (FMR) figure provided. For fiscal year 2024, the FMR for ZIP 93605 is set at $1560. If the market rent aligns closely with this figure, then typical rent would consume a substantial portion of local incomes, especially considering the absence of median income data suggests that residents might have lower incomes overall.
To illustrate, if the median household income were hypothetically $30,000 per year, or about $2,500 per month, then a market rent of $1560 would represent roughly 62.4% of monthly income. This is a high percentage and could indicate financial strain for many tenants. However, without the actual median income, these calculations remain speculative.
Landlords in ZIP 93605 should anticipate a tenant pool that heavily relies on rental assistance programs such as Section 8. These tenants will likely have limited disposable income beyond rent and utilities, necessitating a focus on maintaining properties that meet all safety and habitability standards required by the program. Landlords must also be prepared to navigate the administrative processes associated with Section 8, including regular inspections and rent certifications.
Given the reliance on rental assistance and the potentially high rent-to-income ratio, landlords should consider setting rents close to or slightly below the FMR to attract and retain tenants. This strategy will ensure compliance with federal guidelines while also making units more affordable for those with vouchers.
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.