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 |
1440 is the Fair Market Rent (FMR) for ZIP code 93779 in fiscal year 2024, setting a clear benchmark for rental properties in the area. N/A indicates that there is no available data on market rent, which suggests that the local rental market may be less tracked or smaller in scale compared to larger metropolitan areas. This lack of market rent data makes the FMR an even more critical reference point for landlords and investors. Similarly, the median home value being N/A points to a possible focus on rental properties over homeownership in this region, though this is speculative without further data. The renter share, also listed as N/A, would normally provide insight into how many residents are likely to be seeking rental housing through programs like Section 8. However, without this figure, we must rely on other indicators such as the FMR to gauge potential demand. The median income is N/A, making it difficult to assess the financial health and earning capacity of the typical household in 93779. This absence of income data complicates predictions about future economic trends but does not negate the importance of the FMR as a pricing guide. The N/A-day Days on Market (DOM) and N/A% price-cut share suggest that there might be limited data on property listings and sales, indicating either a stable market with quick sales or a less active real estate scene overall. For landlords and small-portfolio investors looking to navigate the Section 8 program in ZIP 93779, the $1440 FMR is the primary metric to consider when setting rents and evaluating the financial feasibility of accepting Section 8 tenants.
Verdict: Accepting Section 8 tenants at rates up to $1440 can be a viable strategy given the limited market data.
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.