Section 8 Fair Market Rent (FMR) for ZIP 93633 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A skeptical investor might raise several concerns regarding ZIP 93633, particularly focusing on the Fair Market Rent (FMR) of $1300 for FY 2024, the rental vacancy rate, and the adequacy of housing vouchers.

• Will FMR $1300 cover the mortgage on a home?: The median home value in ZIP 93633 is reported as $0, indicating that there are likely very few homes for sale in this area. Given the small population size of 37 people and the limited housing stock, it's challenging to determine if a $1300 FMR can cover the mortgage on a typical home. However, since the area is primarily associated with Kings Canyon National Park, which attracts visitors and potentially seasonal renters, the property value might be higher than average. Investors should seek out specific property listings or consult real estate professionals to get an accurate mortgage coverage estimate based on actual home values.
• Is there enough renter demand at 0.0%?: The rental vacancy rate of 0.0% suggests that all available rental units are occupied. This could indicate strong demand for rental properties in ZIP 93633. With a total of 14 households and a high employment rate of 100%, the residents are likely to have stable incomes, making them reliable tenants. However, the small population size means that the number of potential renters is limited. Investors should consider the transient nature of the park's visitors and the possibility of attracting seasonal renters to balance the occupancy.
• Will vouchers keep pace with market rents?: The data does not provide specific figures on housing vouchers or their adequacy relative to market rents in ZIP 93633. Given the small population and limited housing stock, the voucher program might be less established here. Investors should check with local housing authorities to understand the availability and value of vouchers. Additionally, the reliance on vouchers should be weighed against the broader rental market dynamics, including the potential for higher rental income from non-voucher tenants.

The data presents a unique challenge due to the small population and limited housing options in ZIP 93633. While the FMR and rental vacancy rate offer some insight, they do not fully address the specific concerns raised by a skeptical investor. Further research into individual property values and the specifics of the housing voucher program is recommended to make informed investment decisions.

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.