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 |
The Section 8 housing market in ZIP code 93717, located in Fresno County, California, presents a unique set of challenges and opportunities for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by HUD for this area in fiscal year 2024 is $1440 per month. However, the lack of specific market rent data for ZIP 93717 makes it difficult to directly compare these figures.
Given the HUD FMR of $1440, voucher tenants will likely cashflow at this rate, assuming that the actual market rents are not significantly higher than the FMR. The absence of market rent data suggests that landlords should be cautious about setting rents above the FMR, as doing so could make it difficult to attract tenants with vouchers.
The median home value for ZIP 93717 is not available, which complicates deriving a precise rent-to-price ratio. Nevertheless, it's important for investors to consider the broader housing market trends in the area when evaluating the potential returns on investment.
In terms of days on market (DOM) and price-cut shares, there is insufficient data to provide a detailed analysis. These metrics are crucial for understanding the dynamics between renting and buying properties, but without them, it's challenging to give a comprehensive view of how long properties typically stay on the market and how often sellers need to adjust their asking prices.
The strongest angle for investors in ZIP 93717 is likely to be stability. Given the reliance on voucher tenants and the fixed nature of HUD FMRs, landlords can expect steady, predictable income streams. This predictability is especially valuable in an uncertain economic environment, making stability the key advantage for Section 8 investors in this region.
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.