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 | $1,350 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,680 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,330 | $383,579 | 0.61% | D |
| 4BR | $2,660 | $363,680 | 0.73% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 93616 is set at $1240 for fiscal year 2024. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which is the maximum amount that the government will pay towards your tenant's rent. It is important to note that this is not the actual rent you can charge; it is the ceiling for government assistance.
In comparison, the average rent for the area, according to Census American Community Survey data, is $797. This indicates that the Section 8 voucher payment is significantly higher than the typical market rate, offering landlords a stable source of income with government backing.
The local renter share is 50.8%, meaning over half of the households in ZIP 93616 are renters. This high percentage suggests strong demand for rental properties, including those participating in the Section 8 program. With such a high proportion of renters, there is likely to be a steady stream of potential tenants who qualify for assistance.
If you're considering purchasing a property to participate in the Section 8 program, the median home value in ZIP 93616 is $388,092. This figure gives you an idea of the acquisition cost for a typical home in the area. While this investment might seem significant, the stability of Section 8 payments can offset risks associated with market fluctuations and non-payment.
Before making the decision to enroll in the Section 8 program, verify that your property meets the required standards for housing quality. The government sets strict guidelines to ensure that tenants live in safe, decent, and sanitary conditions. Compliance with these standards is mandatory and ensures that you receive the full payment standard of $1240.
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.