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 | $2,030 |
| 1 Bedroom | $2,050 |
| 2 Bedrooms | $2,530 |
| 3 Bedrooms | $3,500 |
| 4 Bedrooms | $4,010 |
| 5 Bedrooms | $4,652 |
| 6 Bedrooms | $5,210 |
| 7 Bedrooms | $5,627 |
| 8 Bedrooms | $5,908 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,530 | $407,781 | 0.62% | D |
| 3BR | $3,500 | $504,407 | 0.69% | D |
| 4BR | $4,010 | $670,170 | 0.6% | F |
| 5BR | $4,652 | $786,109 | 0.59% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 93619, which includes Clovis, California, has been set at $2,160 for fiscal year 2024. This figure represents the payment standard for landlords participating in the Section 8 housing choice voucher program. It's important to note that this is not the amount you will charge your tenants; rather, it's the maximum amount that the government will pay on behalf of eligible low-income tenants.
In comparison, the local market rent for ZIP 93619 is currently $2,495. This is known as the ZORI (Zillow Observed Rent Index), which reflects the average rent charged for similar properties in the area. The difference between the FMR and the ZORI suggests that landlords participating in Section 8 can expect to receive a subsidy close to the FMR, while they may need to cover the gap between the FMR and the ZORI themselves.
The FMR also helps gauge the demand for affordable housing in the area. With a renter share of 13.6%, this indicates that nearly one out of every seven households in ZIP 93619 qualifies for assistance under the Section 8 program. This level of demand can be a positive sign for landlords, as it ensures a steady stream of potential tenants who are eager to find affordable housing.
If you're considering purchasing a property to use as a Section 8 rental in ZIP 93619, the median home value is around $610,579. This figure represents the typical cost of acquiring a home in the area, and it should be factored into your investment calculations along with the expected rental income and subsidies.
Before making the final decision to enter the Section 8 market, verify that the property meets the Housing Quality Standards (HQS). These standards ensure that the property is safe, decent, and sanitary for tenants, and they are a requirement for participation in the program. Ensuring compliance with HQS is crucial because it directly impacts your eligibility to receive payments under the Section 8 program.
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.