Location: Visalia, CA | Metro: Visalia, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
U.S. Census Bureau data (2024)
ZIP 93666, located within the Visalia, CA MSA metro, serves as a cash-flow anchor in a Section 8 portfolio strategy. The Federal Market Rent (FMR) for FY 2024 is set at $1130, which exceeds the current market rent of $831. This $299 monthly spread ensures that landlords participating in the Section 8 program can secure stable, above-market rental income. While the median home value is not available, the significant gap between the FMR and the market rent provides a compelling reason for inclusion in a Section 8-focused investment strategy.
The high renter share of 75.9% indicates a strong demand for rental properties in the area, further supporting the viability of ZIP 93666 as a cash-flow anchor. Additionally, the median income of $42,917 suggests that tenants are likely to be financially stable enough to participate in the Section 8 program without significant risk of default. This combination of factors—above-market rents, high renter share, and moderate median income—makes ZIP 93666 an ideal choice for landlords seeking consistent cash flow through Section 8 participation.
Although the data does not provide specifics on price-cut shares or days on market (DOM), these metrics are less relevant when considering ZIP 93666 as a cash-flow anchor. Instead, focus on the guaranteed rental income and the stability it offers within a broader real estate investment portfolio. For those interested in diversification, ZIP 93666 can also serve as a component, given the substantial proportion of renters and the steady income stream it promises.
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.