Location: San Diego-Chula Vista-Carlsbad, CA | Metro: San Diego-Chula Vista-Carlsbad, CA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,610 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $2,080 |
| 3 Bedrooms | $2,760 |
| 4 Bedrooms | $3,340 |
| 5 Bedrooms | $3,874 |
| 6 Bedrooms | $4,339 |
| 7 Bedrooms | $4,686 |
| 8 Bedrooms | $4,920 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,720 | $329,909 | 0.52% | F |
| 2BR | $2,080 | $424,179 | 0.49% | F |
| 3BR | $2,760 | $508,742 | 0.54% | F |
| 4BR | $3,340 | $539,759 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 91906, located in Campo, California, presents a dynamic rental market that is currently experiencing significant pressures. The Fair Market Rent (FMR) for the area stands at $1940 for fiscal year 2024, while the actual market rent is slightly higher at $2,000, according to recent Census American Community Survey (ACS) data. This indicates a strong alignment between the government's assessment of fair rents and what the market demands, suggesting a healthy balance where landlords can maintain competitive rates without undercutting.
The median home value in ZIP 91906 is $501,441. Despite this figure, the area has a notable 21.0% renter share. This percentage suggests a persistent demand for rental properties, likely due to the high cost of homeownership relative to income levels in the area. A higher renter share typically correlates with greater long-term housing pressure, as renters often represent individuals or families who cannot afford to buy homes but still require stable living spaces.
The lack of data on price-cut share and days on market (DOM) for rental units implies that there is little need for landlords to lower their asking prices or wait extended periods for tenants. This absence of downward pressure on rental prices further supports the notion that demand for rentals is robust and possibly outpacing supply. Landlords and small-portfolio investors should be aware that maintaining or slightly increasing rental rates could be feasible given the current conditions.
In summary, ZIP 91906 exhibits characteristics of a market where demand for rental housing is strong, potentially outpacing supply. The relatively high median home value coupled with a substantial renter share points to ongoing housing pressure that is unlikely to dissipate soon. For those interested in investing in this area, focusing on quality rental properties that meet the needs of residents can yield positive returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.