Location: Fresno, CA | Metro: Fresno, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,360 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,690 |
| 3 Bedrooms | $2,340 |
| 4 Bedrooms | $2,680 |
| 5 Bedrooms | $3,109 |
| 6 Bedrooms | $3,482 |
| 7 Bedrooms | $3,761 |
| 8 Bedrooms | $3,949 |
1440 is the Fair Market Rent (FMR) for ZIP 93709 in fiscal year 2024, indicating the maximum amount a Section 8 participant can be charged for rent and utilities combined. While the market rent figure is currently unavailable, landlords can still rely on the FMR to set competitive rental rates. The median home value data is also not available, but it's important to note that Section 8 vouchers are applicable to both renters and homeowners, providing flexibility in housing options. The percentage of renter share is unknown, but given the presence of Section 8, it suggests a significant portion of tenants might be relying on government assistance for their housing needs. Similarly, the median income data is missing, but this does not affect the viability of Section 8 as an option for landlords. The Days on Market (DOM) figure is also not available, which could mean that properties are either selling quickly or there isn't enough recent data to provide a reliable trend. Lastly, the percentage of price-cut share is unknown, but this metric is less relevant for landlords participating in the Section 8 program, as they receive a fixed payment based on the voucher.
In conclusion, landlords in ZIP 93709 should consider the $1440 FMR as a key benchmark for setting rental rates and ensuring compliance with the Section 8 program. This ZIP code presents a straightforward opportunity for landlords to secure stable rental income without the need to rely on fluctuating market data. The lack of specific market metrics does not diminish the predictability and security offered by the Section 8 program.
Verdict: ZIP 93709 offers a solid investment opportunity for landlords willing to accept Section 8 vouchers, with a clear FMR guideline at $1440.
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.