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 93715 in fiscal year 2024 according to HUD standards.
The market rent data for ZIP 93715 is currently unavailable, making it difficult to directly compare against the FMR.
Recent sales data indicates a range of prices, with properties such as a multi-family home priced at $329,900 and a house listed at $275,000, both showing typical trends in the area.
A property like 1487 N Echo Ave, Fresno, CA 93728, was listed for $775,000, demonstrating the upper end of the market in terms of price per square foot.
The high turnover rate of homes in the $299,000 range, such as 54 E Kearney Blvd, suggests that there is a significant demand for affordable housing options.
Properties in ZIP 93715 often see price cuts; for instance, a recent price cut of $11,000 on a property at 54 E Kearney Blvd highlights the competitive nature of the market.
In conclusion, given the Fair Market Rent of $1440 and the availability of affordable properties, ZIP 93715 presents a viable opportunity for Section 8 investors.
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.