Section 8 Fair Market Rent (FMR) for ZIP 93772 - 2027

FY 2027 Fair Market Rent Rates

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

Based on the search results, there is limited demographic data available for ZIP code 93772 in Fresno, CA. The information suggests that ZIP code 93772 is primarily a PO Box ZIP Code, which means typical residential data such as median income and market rent rates are not readily accessible. However, we can still analyze the situation based on the Fixed Monthly Rent (FMR) standard for vouchers and make some strategic recommendations for landlords.

The voucher payment standard for the fiscal year 2024 is set at $1440 for this ZIP code. This figure represents the Fair Market Rent (FMR) used to determine the maximum amount of rental assistance that a household can receive through the Housing Choice Voucher program, commonly known as Section 8.

Without specific median income and market rent rate data, it's challenging to quantify the exact affordability gap for households in 93772. However, given that the ZIP code is predominantly for PO Boxes, it implies that most residents live in surrounding areas where more detailed statistics might be available. For context, if we consider broader trends in the Fresno area, many households may struggle with rent affordability, especially if their income levels are below the national average.

The percentage of renters and population figures are also not specified for ZIP code 93772. In Fresno, the overall trend shows an increasing renter population, which could indicate growing competition among landlords for tenants. This competition is particularly relevant when considering whether to accept Section 8 vouchers or focus on cash-paying tenants.

Takeaway for Landlords:

• If landlords in 93772 choose to accept Section 8 vouchers, they can secure a steady stream of rental income at the fixed rate of $1440 per month. This strategy provides financial stability but may limit the pool of potential tenants to those who qualify for the voucher program.
• Focusing on cash-paying tenants might offer higher monthly rents, potentially above the voucher rate, but this approach requires careful consideration of the local economic conditions and the ability of residents to afford higher rents.

In conclusion, landlords should weigh the benefits of guaranteed rental income from voucher recipients against the possibility of attracting cash-paying tenants willing to pay more than the voucher rate. Understanding the broader economic landscape of Fresno and neighboring ZIP codes will be crucial in making informed decisions.

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.