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 ZIP code 93791 in Fresno County stands out due to limited data availability, which includes non-disclosed figures for residents, percentage renting, median income, and median home value. Despite these gaps, there is a significant point of interest for landlords and small-portfolio investors: the Fair Market Rent (FMR) for the area has been set at $1440 for fiscal year 2024. This figure is crucial for understanding the economic landscape of Section 8 vouchers in the region.
In terms of voucher economics, the $1440 FMR represents the maximum amount that the federal government will pay landlords participating in the Housing Choice Voucher program. Given the lack of market rent data for ZIP 93791, it's imperative to compare this FMR against broader Fresno County averages or statewide averages to gauge its competitiveness. However, with the provided data, we can assert that landlords in this ZIP code should ensure their rental rates align closely with the $1440 threshold to remain eligible for the program.
While the data signature for ZIP 93791 is incomplete, the presence of an FMR figure suggests a level of stability in the housing market. The Housing Choice Voucher program relies on consistent FMR assessments to function effectively, indicating that even without detailed demographic data, the rental market in this area is likely stable enough to be considered for long-term investment strategies. For small-portfolio investors, this stability can translate into reliable cash flow, assuming the demand for affordable housing remains steady.
However, the absence of key demographic and economic indicators leaves room for uncertainty regarding the overall health and trends of the local housing market. Investors should monitor broader county and state-level data to make informed decisions about the potential for growth or change in this ZIP code. In summary, ZIP 93791 presents a stable environment for Section 8 investments, but the incomplete data suggests a transitional phase where further insights could provide a clearer picture of future opportunities.
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.