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 | $1,260 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,780 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,960 |
| 5 Bedrooms | $3,434 |
| 6 Bedrooms | $3,846 |
| 7 Bedrooms | $4,154 |
| 8 Bedrooms | $4,362 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,780 | $349,265 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 93634 in Fresno County, California, stands out due to its unique characteristics. With only 31 residents, it is one of the least populated areas in the region. Despite the small population, 71.4% of these residents are renters, indicating a high demand for rental properties. The median home value in this area is notably high at $377,572, which contrasts sharply with the lack of reported median income data, suggesting that while housing is expensive, the economic profile of the residents remains unclear.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 93634 for fiscal year 2024 is set at $1,340. This figure is crucial for landlords considering participation in the program, as it represents the maximum amount the government will pay towards rent for eligible tenants. However, the absence of current market rent data for the area means that there is limited information available to gauge how competitive the FMR is relative to the actual rental rates in the area.
In conclusion, the data signature for ZIP 93634 reads as transitional. The high median home value suggests a potential for growth in the real estate market, but the lack of median income data and current market rent figures leaves significant questions about the economic stability of the area. Landlords and small-portfolio investors should proceed with caution, considering the high demand for rentals and the uncertainty surrounding income levels and market rents.
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.