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 |
To determine if you should buy in ZIP code 93888 for Section 8 purposes, follow this decision tree based on the provided data:
1) Does FMR $1440 (zip FY 2024) clear debt service on a property?
No data is available to calculate whether the Fair Market Rent (FMR) of $1440 can cover the debt service for properties in ZIP 93888. Without this information, it's impossible to make a determination on this point.
2) Is market rent above, at, or below FMR?
The market rent data for ZIP 93888 is also not provided, so we cannot compare it against the FMR of $1440. This lack of data means that the relationship between market rents and the FMR cannot be assessed.
3) Are renters' percentages and days on the market (DOM) indicative of sufficient demand?
Again, no data is available regarding the percentage of renters or the average days on the market for listings in ZIP 93888. Therefore, it's unclear if there is enough demand to support Section 8 investments.
Given the absence of critical data points such as property debt service costs, market rent levels, and rental demand metrics, a definitive recommendation cannot be made for investing in ZIP 93888 with a focus on Section 8 tenants. The decision hinges upon the answers to these gating questions, which require specific, up-to-date information to proceed further.
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.