Section 8 Fair Market Rent (FMR) for ZIP 93660 - 2027

Location: Fresno, CA | Metro: Fresno, CA HUD Metro FMR Area

Investment Score for ZIP 93660

N/A

Monthly Rent (2BR)

$1,500

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$1,220
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

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
3BR	$2,090	$289,775	0.72%	D
4BR	$2,400	$327,514	0.73%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,086

Median Household Income

$55,063

Housing Units

1,130

Renter Percentage

62.1%

Occupancy Rate

95.4%

Renter Occupied

669

The ZIP code 93660 stands out due to its unique mix of economic indicators and housing dynamics. With a population of 4,086 residents, 62.1% of whom rent their homes, it has a median income of $55,063 and a median home value of $300,383. This combination suggests a community where homeownership is relatively expensive compared to the average income, leading many to opt for rental properties.

In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 93660 in fiscal year 2024 is set at $1,220, significantly higher than the market rate of $967 based on Census American Community Survey (ACS) data. This disparity indicates that landlords participating in the Section 8 program can expect higher rents, which align more closely with the area's overall cost of living.

The following points summarize the key aspects of the ZIP code 93660:

Housing Demand: The high percentage of renters suggests strong demand for rental properties, making it a favorable environment for landlords.
Economic Stability: Despite the relatively low median income, the high median home value implies a stable economy with steady property values.
Voucher Program Benefits: Landlords can benefit from the Section 8 program due to the higher FMR rates, which provide better compensation compared to typical market rates.

The data signature for ZIP 93660 reads as stable. The consistent median home value and the established rental market indicate that there is little likelihood of sudden shifts in the local real estate landscape. For small-portfolio investors, this stability offers a predictable investment environment, particularly when leveraging the Section 8 voucher program to ensure reliable tenant income.

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.