Section 8 Fair Market Rent (FMR) for ZIP 93661 - 2027

Location: Merced, CA | Metro: Merced, CA MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,200
1 Bedroom	$1,260
2 Bedrooms	$1,520
3 Bedrooms	$2,090
4 Bedrooms	$2,480
5 Bedrooms	$2,877
6 Bedrooms	$3,222
7 Bedrooms	$3,480
8 Bedrooms	$3,654

The ZIP code 93661, located in California, represents a niche market with unique characteristics that can be both advantageous and challenging for real estate investors. The area's rental market is primarily influenced by the Fair Market Rent (FMR) set by HUD, which provides a benchmark for rental pricing.

Fair Market Rent (FMR): For ZIP 93661, the FMR for fiscal year 2024 is set at $1420, indicating the maximum amount that low-income families should pay for housing.
Market Rent: Unfortunately, there is currently no data available for the average market rent in ZIP 93661, making it difficult to compare against the FMR.
Median Home Value: Data on the median home value in ZIP 93661 is also unavailable, leaving a gap in understanding the overall property values.
Renter Share: There is no recorded percentage of the population that rents in ZIP 93661, which means we cannot determine the size of the tenant pool.
Days on Market (DOM): The days on market for properties in this area are not documented, thus the speed of sales or rentals cannot be assessed.
Median Income: Information on the median income for residents in ZIP 93661 is not provided, which limits insights into the financial stability of potential tenants.

In summary, while the Fair Market Rent provides a solid anchor point for the rental market in ZIP 93661, the lack of other key metrics such as market rent, median home value, and median income makes it challenging to fully gauge the investment potential. Landlords and small-portfolio investors must rely on the FMR of $1420 as a guide but should also seek additional local data to make informed decisions about rental pricing and property acquisitions.

Data Sources: FMR data from HUD (2027).

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.