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 | $1,370 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,350 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,700 | $273,265 | 0.62% | D |
| 3BR | $2,350 | $327,841 | 0.72% | D |
| 4BR | $2,700 | $367,563 | 0.73% | D |
U.S. Census Bureau data (2024)
The ZIP code 93705 in Fresno, CA, is predominantly a renter-heavy area, with 52.6% of its population renting homes. This high percentage of renters indicates a robust demand for rental properties, particularly those that can accommodate Section 8 tenants. The total population of 38,888 residents supports a significant tenant pool, making it an attractive location for landlords and small-portfolio investors.
The median household income in this ZIP is $57,003, which means the typical market rent of $1,517 consumes approximately 26.6% of the average monthly income. This is calculated by taking the annual income, dividing it by 12 to get the monthly income ($57,003 / 12 = $4,750.25), and then dividing the monthly rent by the monthly income ($1,517 / $4,750.25 = 0.32 or 32% annually).
Comparing the market rent to the Fair Market Rent (FMR) of $1,380 for FY 2024, there is a discrepancy of $137. This suggests that landlords may need to adjust their expectations or rents to align with the FMR if they wish to attract Section 8 tenants. The FMR serves as a benchmark for what is considered reasonable rent for the area, and it's important for landlords to understand this when setting rent prices.
A landlord in ZIP 93705 should expect a tenant profile that includes individuals and families who rely on housing vouchers. These tenants will typically have lower incomes, often below the median household income of $57,003. They will be looking for affordable housing options that fit within the parameters set by the FMR. Landlords should also be prepared to work closely with local housing authorities to ensure compliance with Section 8 requirements and manage the administrative processes associated with voucher programs.
In summary, ZIP 93705 presents a strong opportunity for landlords interested in Section 8 tenants due to its high proportion of renters and the availability of housing vouchers. However, landlords must be aware of the financial constraints faced by these tenants and the importance of aligning rents with the FMR to maintain a steady occupancy rate.
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.