Section 8 Fair Market Rent (FMR) for ZIP 00902 - 2027

FY 2027 Fair Market Rent Rates

ZIP 00902, located within the San Juan-Guaynabo, PR HUD Metro FMR Area, presents a unique opportunity for inclusion in a Section 8 portfolio strategy. Given the available data, this ZIP code should be considered primarily as a cash-flow anchor. The Fair Market Rent (FMR) for ZIP 00902 in fiscal year 2024 is set at $670. This figure serves as a benchmark for rental prices that landlords can charge tenants participating in the Section 8 program.

The lack of specific market rental prices and median home values suggests that the local housing market may not be as volatile or subject to rapid changes in pricing. In such a scenario, relying on the steady income provided by the Section 8 program ensures predictable cash flow, which is essential for maintaining financial stability in a portfolio.

While the appreciation potential and diversification benefits cannot be quantified due to missing data, the consistent rental income makes ZIP 00902 a reliable choice for landlords looking to balance their portfolios with properties that offer stable returns. The Section 8 program guarantees a certain level of occupancy and timely rent payments, which are critical factors for cash flow management.

In summary, ZIP 00902 is best suited as a cash-flow anchor in a Section 8 portfolio strategy, given its defined FMR and the inherent stability of the Section 8 rental income. This approach allows landlords to mitigate risks associated with market fluctuations and ensure a steady stream of income from their investments.

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.