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 |
ZIP code 93712 falls within the Fresno, CA HUD Metro Fair Market Rent (FMR) area. The FMR for 93712 is set at $1440 for fiscal year 2024. To provide context, the typical FMR for a ZIP code within the Fresno, CA HUD Metro FMR area ranges between $1200 and $1600. Given that 93712's FMR is $1440, it suggests this ZIP code is positioned slightly above the lower end but not quite reaching the upper range of the metro's FMR spectrum.
The lack of available market rent data for ZIP 93712 makes direct comparisons challenging; however, it can be inferred that if market rents are similar to the FMR, then they are likely competitive within the broader Fresno market. In the absence of specific market rent figures, landlords should consider the FMR as a guideline for setting rental rates that align with government assistance programs like Section 8.
Home values in 93712 are also not specified, which means we cannot directly assess the property investment potential against other ZIP codes in the area. However, given the FMR figure, it can be deduced that homes in 93712 are likely priced within a range that supports the fair market rent for the area, making it neither a premium sub-market nor a value pocket based on the limited data available.
The percentage of renters in 93712 is not provided, which prevents us from identifying whether it has a higher concentration of renters compared to other ZIP codes in the Fresno, CA HUD Metro FMR area. Typically, a higher renter share with below-average home values would indicate a potential sweet spot for Section 8 participation, but without this data, such an inference cannot be made.
In summary, ZIP 93712 appears to be a mid-tier neighborhood within the Fresno, CA HUD Metro FMR area, with its FMR of $1440 placing it in a moderate position relative to the metro's overall range. Landlords and investors should focus on understanding local market dynamics and consider the FMR as a benchmark for rental pricing.
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.