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 93794 in fiscal year 2024, setting a clear benchmark for rental properties in this area. While the market rent data is currently unavailable, landlords can rely on the FMR to guide their pricing strategies. The median home value data is also not available, which means that investment decisions should be based more on rental income potential rather than resale value. With the renter share percentage being unknown, it's crucial for landlords to focus on the demand for rentals rather than assuming a high or low proportion of renters. The median income figure is likewise not provided, so investors must consider other sources to gauge the financial stability of potential tenants. The days on market (DOM) data is not available, indicating a need for landlords to maintain competitive listings through regular updates and accurate property descriptions. The price-cut share percentage is also not specified, suggesting that landlords should be prepared to adjust their rental rates if necessary to attract tenants. Given the lack of detailed market-specific data, reliance on the FMR is essential for setting realistic rental prices. The absence of other key metrics such as median home value and renter share makes it difficult to predict overall market trends but does highlight the importance of understanding local tenant demographics and preferences. For landlords and small-portfolio investors looking to capitalize on Section 8 opportunities in ZIP 93794, adhering to the $1440 FMR will ensure compliance and maximize the chances of securing long-term, stable tenancy. Verdict: Utilize the $1440 FMR to set competitive rental rates and focus on tenant quality over market speculation.
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.