Location: Visalia, 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 | $1,220 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,090 | $306,246 | 0.68% | D |
| 4BR | $2,400 | $332,334 | 0.72% | D |
U.S. Census Bureau data (2024)
The ZIP code 93647, located in Tulare County, California, stands out due to several key demographic and economic factors. With a population of 11,741 residents, nearly half (45.1%) of the households rent their homes. The median income here is $58,309, which is notably lower than the national average, indicating a community that may rely heavily on affordable housing solutions. Despite this, the median home value in the area is relatively high at $306,036, suggesting a significant disparity between rental rates and home ownership costs.
When it comes to voucher economics, the Fair Market Rent (FMR) for ZIP 93647 in fiscal year 2024 is set at $1,140. This figure closely aligns with the Census ACS-reported market rate of $1,151, making it a competitive environment for both voucher holders and private renters. Landlords can expect a slight edge when renting to voucher holders, but the overall market remains tight, with little room for significant price increases.
Evaluating the data signature of ZIP 93647, it reads as stable. The consistent ratio of renters to homeowners, combined with a modest median income and a higher median home value, suggests a balanced local economy. However, the close alignment between the FMR and market rates indicates a transitional aspect, where the rental market is adjusting to the needs of low-income families supported by government assistance programs. This stability is beneficial for small-portfolio investors and landlords who seek predictable returns without the volatility seen in more dynamic markets.
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.