Location: Fresno, CA | Metro: Fresno, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,620 |
| 1 Bedroom | $1,620 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,770 |
| 4 Bedrooms | $3,180 |
| 5 Bedrooms | $3,689 |
| 6 Bedrooms | $4,132 |
| 7 Bedrooms | $4,463 |
| 8 Bedrooms | $4,686 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,770 | $472,253 | 0.59% | F |
| 4BR | $3,180 | $543,369 | 0.59% | F |
| 5BR | $3,689 | $605,661 | 0.61% | D |
U.S. Census Bureau data (2024)
1440 is the Fair Market Rent (FMR) set for ZIP 93737 for fiscal year 2024, which represents the maximum amount a Section 8 tenant can be expected to pay toward their housing costs. 523055 is the median home value in this area, indicating a significant investment opportunity for those looking to enter the real estate market. However, the market rent, measured at 2845, shows a considerable gap between what properties could potentially command and the FMR. This discrepancy suggests a challenging environment for landlords who rely on market rents but wish to participate in the Section 8 program.
80% is the proportion of renters in ZIP 93737, highlighting a strong demand for rental properties. Yet, the median income of 127279 points to an economic reality where many residents might struggle to afford market rates, making the Section 8 program particularly attractive to potential tenants. The lack of data for days on market (DOM) indicates either a robust local real estate market or limitations in available data sources, which could affect how quickly properties turn over.
02% is the price-cut share, a figure that speaks volumes about the competitive nature of the real estate market in this ZIP code. It suggests that while some flexibility exists in pricing, it is minimal, indicating a stable market with little room for negotiation once a property is listed at a certain price point.
In summary, ZIP 93737 presents a mixed landscape for real estate investors. While the demand for rentals is high, the economic conditions and the gap between FMR and market rent pose challenges. For landlords willing to participate in the Section 8 program, the potential for steady occupancy exists, though at a lower rental rate than the market might otherwise bear. The verdict on Section 8 in ZIP 93737 is cautiously optimistic, given the economic realities and the stability it offers amidst fluctuating market conditions.
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.