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 | $2,100 |
| 1 Bedroom | $2,270 |
| 2 Bedrooms | $2,820 |
| 3 Bedrooms | $3,770 |
| 4 Bedrooms | $4,590 |
| 5 Bedrooms | $5,324 |
| 6 Bedrooms | $5,963 |
| 7 Bedrooms | $6,440 |
| 8 Bedrooms | $6,762 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,820 | $544,133 | 0.52% | F |
| 3BR | $3,770 | $737,579 | 0.51% | F |
U.S. Census Bureau data (2024)
3410 is the Fair Market Rent (FMR) for ZIP 91916, Descanso, CA, for fiscal year 2024. This figure sets the benchmark for rental properties seeking Section 8 participation. In contrast, the Census ACS reports a market rent of 3000 dollars, indicating a potential gap between government-set rates and actual market conditions. The median home value in this area stands at 670212 dollars, reflecting a relatively high-end residential market. However, only 21.7% of residents are renters, suggesting a strong owner-occupied presence. The median income of 103438 dollars provides insight into the financial health of the local population, which can influence their ability to pay higher rents. Despite the lack of specific data on days on market (DOM) and the percentage of homes needing price cuts, these figures would typically be low given the robust median income levels. For landlords and small-portfolio investors, the disparity between the FMR and market rent presents an opportunity to attract tenants through Section 8 while maintaining competitive pricing. Given the data, the Section 8 program offers a viable option for stabilizing rental income in Descanso, CA.
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.