Section 8 Fair Market Rent (FMR) for ZIP 00986 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 00986 in San Juan-Guaynabo County presents unique challenges and opportunities for landlords and small-portfolio investors due to limited data availability. The specifics regarding the number of residents, the percentage of renters, median income, and median home value are currently unavailable, making it difficult to paint a comprehensive picture of the area's demographics and housing market.

However, the key focus for Section 8 landlords should be on the voucher economics. For fiscal year 2024, the Fair Market Rent (FMR) for ZIP 00986 is set at $770. This figure represents the maximum amount that the government will pay towards rent for eligible units in this ZIP code. Without current market rent data, it's challenging to compare the FMR against local rental rates. Nonetheless, landlords can use the $770 FMR as a benchmark for setting competitive rental prices that align with government subsidies.

In terms of stability, the ZIP 00986 appears transitional due to the lack of recent demographic and housing data. This suggests that there might be ongoing changes in the population or economic conditions that could affect the rental market. Landlords and investors should stay informed about any updates in the region's economic indicators and consider the potential for growth or decline when making investment decisions. While the current FMR provides a steady income source for those who qualify, the broader context remains unclear until more detailed data becomes available.

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.