Location: Visalia, CA | Metro: Visalia, 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 | $1,080 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,950 | $291,498 | 0.67% | D |
| 4BR | $2,290 | $326,647 | 0.7% | D |
U.S. Census Bureau data (2024)
61.0% of residents in ZIP 93615 are renters, making it a prime location for landlords and small-portfolio investors. The $1300 Fair Market Rent (FMR) for the area, as set for zip FY 2024, indicates a strong rental market supported by government standards. In comparison, the $1,259 market rent derived from Census ACS data shows that private rentals slightly undercut the FMR, which could be advantageous for tenants seeking subsidies. The median home value of $279,466 suggests a moderate cost for real estate purchases, providing opportunities for both property acquisition and potential appreciation. Meanwhile, the median income of $59,760 highlights the economic profile of the area's residents, indicating that rental properties should be priced reasonably to attract tenants. Notably, the lack of data on days on market (DOM) and the percentage of price-cut share suggests a stable market without significant fluctuations or prolonged vacancy periods. This stability can be particularly beneficial for small-portfolio investors who require consistent cash flow. For landlords, the proximity of market rents to the FMR signals a balanced environment where properties can be rented at competitive rates while still qualifying for assistance programs. Given these factors, ZIP 93615 presents a favorable landscape for Section 8 participation, with the potential to offer affordable housing solutions while maintaining financial viability.
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.