Location: Fresno, CA | Metro: Fresno, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,230 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
U.S. Census Bureau data (2024)
The ZIP code 93621 stands out due to its unique data signature. With only 441 residents, it has an extremely low rental rate at 0.0%, indicating that nearly all homes in this area are owner-occupied. The median income is notably high at $137,321, suggesting a prosperous community. However, the absence of a median home value figure indicates limited publicly available data on property values, which could be due to the small population size or other factors.
Turning to the economics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 93621 in fiscal year 2024 is set at $1,420. This amount represents the maximum rent that can be charged for a voucher in the area. Notably, there is no data available on the local market rent, which makes it challenging to compare the FMR to actual market conditions. Given the low rental rate, it's likely that landlords in this area would find few tenants seeking vouchers, as most residents are homeowners.
The data signature for ZIP 93621 reads as stable. The high median income and lack of rental properties suggest a community where homeownership is prevalent and economic conditions are favorable. Landlords and small-portfolio investors should consider these factors when deciding whether to participate in the Section 8 program. The scarcity of rental units means that the demand for vouchers is likely minimal, making it a less attractive option compared to areas with higher rental rates and lower incomes.
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.