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 HUD Fair Market Rent (FMR) for ZIP code 93745 in Fresno, California, for fiscal year 2024 is set at $1440. This figure represents the maximum amount that a Section 8 tenant can be expected to pay for rent. However, due to the lack of current market rent data for this area, it's challenging to provide a direct comparison between the HUD FMR and what landlords are currently charging. To derive insights into the rent-to-price ratio, we need to consider the median home value, which is also not available at this time.
In the absence of specific market rent data, we can infer that if the actual market rents are higher than the HUD FMR, landlords accepting Section 8 vouchers would likely experience marginal cash flow at best. This means they might cover their costs but see little profit unless they have premium units that can command higher rents. Conversely, if market rents align closely with the HUD FMR, landlords could expect stable cash flow without significant risk. The lack of detailed local rental market data makes it difficult to provide a precise assessment of how well voucher tenants cashflow at the HUD FMR.
The median days on market (DOM) and the percentage of homes that require price cuts are not provided for this ZIP code. These metrics are typically indicative of the health of the housing market and can influence the decision-making process for investors considering whether to focus on renting or buying properties. Without these figures, it's important to rely on other factors such as the stability of the HUD FMR and any historical trends that might be available.
Given the limited data, the strongest angle for investors in ZIP 93745 appears to be stability. The HUD FMR provides a consistent baseline for rental income, which can be particularly attractive for small-portfolio investors seeking predictable cash flow. Stability ensures that investors can plan their finances with confidence, knowing that their rental income will remain relatively constant over time.
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.