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 | $1,240 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $2,130 |
| 4 Bedrooms | $2,440 |
| 5 Bedrooms | $2,830 |
| 6 Bedrooms | $3,170 |
| 7 Bedrooms | $3,424 |
| 8 Bedrooms | $3,595 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $298,307 | 0.52% | F |
| 3BR | $2,130 | $420,807 | 0.51% | F |
| 4BR | $2,440 | $512,706 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 93625, located in Fowler, CA, presents a market in motion where the Federal Market Rent (FMR) for 2024 is set at $1,460. This figure is notably higher than the reported market rent of $1,321, based on the latest Census American Community Survey (ACS) data. The discrepancy between the FMR and the actual market rent suggests that the rental market in Fowler is experiencing upward pressure, indicative of a scenario where demand may be outpacing supply.
The median home value in the area stands at $469,253. While there is no specific data on the percentage of price cuts or days on market (DOM), the higher FMR compared to the market rent implies a tight rental market, possibly due to limited available properties or strong tenant interest. This dynamic can also be seen through the significant 39.8% of residents who are renters, which signals ongoing long-term housing pressure as a substantial portion of the population opts for rental over ownership.
In a market where nearly 40% of the residents are renters, it's likely that many potential homeowners face challenges in transitioning to ownership, either due to affordability issues or other barriers. This high renter share could lead to sustained demand for rental properties, further tightening the market and supporting higher rents. Landlords and small-portfolio investors should consider these factors when evaluating the potential returns and risks associated with investing in Fowler, CA.
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.