Section 8 Fair Market Rent (FMR) for ZIP 93643 - 2027

Location: Madera County, CA | Metro: Madera County, CA HUD Metro FMR Area

Investment Score for ZIP 93643

Monthly Rent (2BR)

$1,320

Median Price (2BR)

$308,897

1% Rule

0.43%

Annual Yield

5.13%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,140
1 Bedroom	$1,150
2 Bedrooms	$1,320
3 Bedrooms	$1,830
4 Bedrooms	$2,210
5 Bedrooms	$2,564
6 Bedrooms	$2,872
7 Bedrooms	$3,102
8 Bedrooms	$3,257

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,320	$308,897	0.43%	F
3BR	$1,830	$419,405	0.44%	F
4BR	$2,210	$533,096	0.41%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,041

Median Household Income

$71,082

Housing Units

1,631

Renter Percentage

11.5%

Occupancy Rate

78.9%

Renter Occupied

148

The North Fork area, located within ZIP code 93643 in California, is characterized by its rural charm and natural beauty, attracting a mix of permanent residents and seasonal visitors. This region offers a unique opportunity for real estate investors interested in both rental and property value growth, given its distinct characteristics and economic indicators.

The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,140, providing a benchmark for rental pricing that reflects the local housing market's affordability.
The average market rent for properties in North Fork, according to the latest Census American Community Survey (ACS), stands at $1,361. This figure suggests that there is a slight premium over the FMR, indicating potential demand for higher-quality rentals.
The median home value in ZIP 93643 is $399,318. This valuation points towards a stable housing market where property appreciation can be a viable investment strategy.
Renters make up 11.5% of the population in this area, which is relatively low compared to urban centers. However, this percentage still represents a significant number of potential tenants for rental properties.
The median income in the area is $71,082, suggesting that while not high by metropolitan standards, it provides a solid foundation for the local economy and supports a steady rental market.
The Days on Market (DOM) data is currently unavailable, but this metric would typically help gauge how quickly properties are being sold, offering insights into the liquidity of the real estate market in North Fork.

Investors looking to capitalize on the North Fork area should consider the balance between rental income and property appreciation. With a market rent above the FMR and a median home value indicative of a stable market, there is potential for both short-term rental returns and long-term capital gains. The relatively low renter share indicates a niche market, but the median income supports a consistent tenant base. While the lack of DOM data makes it challenging to assess the speed of property sales, the overall economic health of the area bodes well for those willing to invest in its real estate landscape.

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.