Location: Fresno, 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 | $1,430 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,760 |
| 3 Bedrooms | $2,440 |
| 4 Bedrooms | $2,800 |
| 5 Bedrooms | $3,248 |
| 6 Bedrooms | $3,638 |
| 7 Bedrooms | $3,929 |
| 8 Bedrooms | $4,125 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,440 | $259,981 | 0.55% | F |
| 2BR | $1,760 | $417,954 | 0.42% | F |
| 3BR | $2,440 | $626,876 | 0.39% | F |
| 4BR | $2,800 | $799,092 | 0.35% | F |
| 5BR | $3,248 | $1,055,711 | 0.31% | F |
U.S. Census Bureau data (2024)
In Shaver Lake, CA (ZIP 93664), the real estate market presents a unique setup for both landlords and small-portfolio investors. The median home value stands at $609,241, indicating a relatively stable housing market. With only 0.1% of listings experiencing reductions, it's clear that sellers maintain strong pricing power, suggesting a resilient demand for properties in this area.
The N/A-day median days on market (DOM) figure implies that homes are selling quickly once they hit the market. This rapid turnover can be attributed to the low rate of price reductions and the stable median home value, which collectively point to a robust seller's market where buyers are willing to pay asking prices without hesitation.
On the rental side, the Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1340. While there is no specific market rent data available, the FMR serves as a benchmark for evaluating rental prices. Given the FMR, landlords have the opportunity to set competitive rents that align with or slightly exceed this figure, ensuring occupancy rates remain high and providing a steady income stream.
For long-term hold investors, the current market signals a limited appreciation thesis. The stability in median home values and the minimal adjustments in listing prices suggest that while capital gains might not be substantial over the next 12-24 months, the market's strength supports maintaining property values. Investors should focus on the consistent rental income and potential for steady, albeit modest, growth in property value rather than expecting significant increases.
The combination of strong seller's market conditions and favorable rental dynamics creates an environment where holding properties can be financially viable. However, the realistic expectation is for steady returns rather than explosive growth. Landlords and investors should leverage this information to make informed decisions about their portfolios in Shaver Lake, CA.
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.