Location: Fresno, CA | Metro: Fresno, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,430 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,780 |
| 3 Bedrooms | $2,470 |
| 4 Bedrooms | $2,830 |
| 5 Bedrooms | $3,283 |
| 6 Bedrooms | $3,677 |
| 7 Bedrooms | $3,971 |
| 8 Bedrooms | $4,170 |
U.S. Census Bureau data (2024)
The rent math in ZIP 93741 does not work due to insufficient data. The Fair Market Rent (FMR) for the area is set at $1440 for fiscal year 2024, but the market rent is listed as N/A, indicating that there is no reliable data available to compare against the FMR. Without accurate market rent figures, it's impossible to determine if rental properties can be priced competitively.
Acquisition in this ZIP code is also questionable without concrete data on median home values, days on market (DOM), and the percentage of homes that have been subject to price cuts. These metrics are crucial for understanding how affordable it is to buy properties in the area, which is a key consideration for potential investments. However, since all these figures are listed as N/A, it's difficult to assess the affordability of acquiring new properties.
Tenant demand in ZIP 93741 is weak based on the available data. The population is only 73, and the renter share is an abnormally low 0.0%. This suggests that almost no one in the area rents their residence, pointing towards a very limited pool of potential tenants. Such a small and uninterested tenant base would likely struggle to sustain a rental property financially.
In summary, ZIP 93741 presents significant challenges for landlords and small-portfolio investors. The lack of market rent data makes it hard to price rentals effectively, while missing information on median home values, DOM, and price cut percentages complicates the assessment of property acquisition costs. Furthermore, the extremely low renter share and small population indicate a weak tenant demand. Given these factors, investing in rental properties in ZIP 93741 is not advisable at this time.
Data Sources: FMR data from HUD (2027). 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.