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 | $1,580 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,960 |
| 3 Bedrooms | $2,710 |
| 4 Bedrooms | $3,110 |
| 5 Bedrooms | $3,608 |
| 6 Bedrooms | $4,041 |
| 7 Bedrooms | $4,364 |
| 8 Bedrooms | $4,582 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,710 | $423,937 | 0.64% | D |
| 4BR | $3,110 | $513,338 | 0.61% | D |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 landlord in ZIP 93667 are significant and should be carefully considered before investing. Tenant turnover is a critical issue, as the market rent of $1,370 is notably lower than the Fair Market Rent (FMR) of $1,660 for fiscal year 2024. This disparity suggests that tenants might be more inclined to leave once their financial situation improves, leading to frequent vacancies. Vacancy exposure is another concern, particularly due to the lack of available data on Days on Market (DOM), which indicates uncertainty regarding how quickly properties can be rented out. The deferred maintenance risk is elevated considering the typical home value of $437,780 and the median income of $75,272. With such a high home value relative to the median income, homeowners might struggle to maintain their properties adequately, potentially affecting the quality of rental units.
Despite these risks, there are factors that mitigate them. The renter share in ZIP 93667 is 16.5%, which is relatively high. High renter density generally translates into higher demand for housing vouchers, thus providing a stable pool of potential tenants. This demand can help ensure a steady stream of qualified applicants, reducing the likelihood of extended vacancy periods and stabilizing cash flow.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.