Section 8 Fair Market Rent (FMR) for ZIP 93725 - 2027

Location: Fresno, CA | Metro: Fresno, CA HUD Metro FMR Area

Investment Score for ZIP 93725

Monthly Rent (2BR)

$1,650

Median Price (2BR)

$259,285

1% Rule

0.64%

Annual Yield

7.64%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,330
1 Bedroom	$1,330
2 Bedrooms	$1,650
3 Bedrooms	$2,280
4 Bedrooms	$2,620
5 Bedrooms	$3,039
6 Bedrooms	$3,404
7 Bedrooms	$3,676
8 Bedrooms	$3,860

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,650	$259,285	0.64%	D
3BR	$2,280	$345,357	0.66%	D
4BR	$2,620	$397,067	0.66%	D
5BR	$3,039	$469,983	0.65%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

24,575

Median Household Income

$72,232

Housing Units

6,991

Renter Percentage

34.4%

Occupancy Rate

95.1%

Renter Occupied

2,284

The ZIP code 93725, located in Fresno, California, presents a unique opportunity for real estate investors interested in the rental market. The area is characterized by a mix of residential neighborhoods, offering both single-family homes and apartments to potential tenants. Here's a detailed market analysis based on key metrics:

Fair Market Rent (FMR): The FMR for ZIP 93725 is set at $1,430 for the fiscal year 2024, indicating a strong demand for affordable housing units in the area.
Market Rent: According to the Census American Community Survey, the average market rent in 93725 is $1,299, which is slightly below the FMR, suggesting that there is room for price increases without deterring tenants.
Median Home Value: The median home value stands at $358,354, reflecting a moderate cost of living compared to other parts of California.
Renter Share: With 34.4% of the population being renters, the ZIP code has a significant portion of residents who prefer leasing over owning, making it a viable investment for those looking to capitalize on the rental market.
Days on Market (DOM): Unfortunately, the data does not provide a specific figure for the days a property remains on the market before it is leased, which could be critical for understanding the speed of occupancy.
Median Income: The median household income in 93725 is $72,232, providing a stable economic base for the rental market.

Investors can leverage these figures to make informed decisions about entering the market in ZIP 93725. The relatively high FMR compared to the actual market rent suggests potential for rental price increases, while the significant renter share indicates a robust demand for rental properties. The moderate median home value and stable median income support the idea that the area can sustain a healthy rental market. However, the lack of DOM data means that investors should be prepared to conduct additional research to ensure they can achieve timely occupancy rates.

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.