Location: Madera County, CA | Metro: Madera County, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,440 |
| 1 Bedroom | $1,450 |
| 2 Bedrooms | $1,680 |
| 3 Bedrooms | $2,320 |
| 4 Bedrooms | $2,780 |
| 5 Bedrooms | $3,225 |
| 6 Bedrooms | $3,612 |
| 7 Bedrooms | $3,901 |
| 8 Bedrooms | $4,096 |
U.S. Census Bureau data (2024)
31.1% of residents in ZIP 93645 are renters, indicating a significant demand for rental properties. $1680 is the Fair Market Rent (FMR) for the area as of fiscal year 2024, which sets the benchmark for rental pricing under Section 8 programs. Despite the lack of specific data on market rent and median home value, the rental share percentage suggests that there is a stable market for rentals. $79,792 is the median income in the region, providing insight into the financial capacity of potential tenants. The absence of data on days on market (DOM) and the percentage of price-cut shares does not necessarily indicate a weak market; it could simply mean that the data is not widely reported or is not applicable to the area's real estate dynamics. Landlords and small-portfolio investors can confidently set their rents close to the FMR to remain competitive while ensuring compliance with Section 8 guidelines. The consistent rental share percentage also supports the idea that the rental market in 93645 is resilient and likely to continue attracting tenants. Given the strong tenant base and the defined FMR, ZIP 93645 presents a favorable environment for Section 8 participation.
A one-line Section 8 verdict for ZIP 93645 would be: With a 31.1% renter share and a clear $1680 FMR, ZIP 93645 is primed for successful Section 8 investments.
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.