Location: Visalia, CA | Metro: Fresno, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,220 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $2,090 |
| 4 Bedrooms | $2,400 |
| 5 Bedrooms | $2,784 |
| 6 Bedrooms | $3,118 |
| 7 Bedrooms | $3,367 |
| 8 Bedrooms | $3,535 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 93631, Kingsburg, CA, in fiscal year 2024 is set at $1,460. This figure represents the maximum amount that a landlord can charge a tenant participating in the Section 8 housing program. It's important to note that this is not your rent; it's the payment standard set by the government.
In comparison, the typical market rent for a two-bedroom apartment in Kingsburg is $1,848, according to the Zillow Observed Rental Index (ZORI). This means that if you decide to participate in the Section 8 program, you will be receiving less than the market rate for renting out your property.
The renter share in this area is 31.6%, indicating a moderate demand for affordable housing. To put this into perspective, the median household income in Kingsburg is approximately $15,150 per month, meaning that 31.6% of this income would go towards rent under the Section 8 program. This highlights the importance of the program in ensuring that lower-income families can afford decent housing.
If you're considering purchasing a property to use as a Section 8 rental, the median home value in Kingsburg is around $478,853. This is the average price you might expect to pay for an existing home suitable for a Section 8 tenant. Keep in mind that this cost should be weighed against the long-term stability and guaranteed rental income provided by the Section 8 program.
Before finalizing your decision to become a Section 8 landlord, verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the property is safe and habitable, which is mandatory for participation in the program. A failure to meet these standards could result in disqualification or reduced payments.
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.