Section 8 Fair Market Rent (FMR) for ZIP 91912 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 91912 is located in Chula Vista, California. Unfortunately, specific data points such as the exact population, percentage of renters, median income, and median home value are not available. However, we can focus on the rent economics relevant to landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a two-bedroom unit in ZIP 91912 for fiscal year 2024 is set at $2,830. This figure represents the maximum allowable rent for a Section 8 voucher holder and is determined by the U.S. Department of Housing and Urban Development (HUD).

While the exact market rent for ZIP 91912 is not specified, it's important to note that the FMR serves as a benchmark for rental prices in the area. Landlords operating in this space should be aware of these guidelines to ensure their properties remain competitive and attractive to potential tenants with vouchers.

Given the lack of detailed demographic data, it's challenging to determine whether this area is better suited for a hands-off voucher operator or a hands-on value-add buyer. However, the FMR suggests that there is a significant demand for affordable housing in the Chula Vista area. Landlords who can offer well-maintained, affordable properties are likely to attract tenants with Section 8 vouchers.

In conclusion, ZIP 91912 presents an opportunity for landlords who understand the intricacies of the Section 8 program and can provide quality housing at or below the FMR of $2,830 for a two-bedroom unit. This area requires landlords to be attentive to the needs of voucher holders while maintaining a balance between affordability and property upkeep.

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.