Location: Fresno, CA | Metro: Fresno, CA HUD Metro FMR Area
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 | $1,470 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,830 |
| 3 Bedrooms | $2,530 |
| 4 Bedrooms | $2,900 |
| 5 Bedrooms | $3,364 |
| 6 Bedrooms | $3,768 |
| 7 Bedrooms | $4,069 |
| 8 Bedrooms | $4,272 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,830 | $290,187 | 0.63% | D |
| 3BR | $2,530 | $374,751 | 0.68% | D |
| 4BR | $2,900 | $454,546 | 0.64% | D |
| 5BR | $3,364 | $582,163 | 0.58% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 93612, which includes Clovis, CA, for fiscal year 2024 is set at $1,550. This figure represents the payment standard for Section 8 housing assistance in the area and is not the amount you will charge as rent. It's the maximum amount that the government will pay toward a tenant's rent.
In comparison, the local Zillow Observed Rent Index (ZORI) stands at $1,702. This indicates that the market rent in the area slightly exceeds the Section 8 payment standard. However, the difference is relatively small, making it feasible for landlords to participate in the program while still covering their costs.
The demand for rentals in ZIP 93612 is high, with 61.6% of residents being renters. This suggests that there is a significant number of potential tenants who would be interested in your property if it meets the criteria for Section 8 eligibility.
If you're considering purchasing a property in this area, note that the median home value is around $379,700. This can help you estimate the initial investment required to acquire a rental property suitable for Section 8 tenants.
Before proceeding with your first Section 8 rental, it's crucial to verify that your property meets all the necessary requirements for participation. This includes ensuring that your property passes a Housing Quality Standards (HQS) inspection, which checks for safety and habitability. The inspection covers areas such as structural integrity, heating, plumbing, and electrical systems.
By understanding these key figures and taking the necessary steps to ensure your property is up to code, you can make an informed decision about whether Section 8 is right for your first rental in ZIP 93612.
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.