Location: San Diego-Chula Vista-Carlsbad, CA | Metro: San Diego-Chula Vista-Carlsbad, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,370 |
| 1 Bedroom | $2,530 |
| 2 Bedrooms | $3,060 |
| 3 Bedrooms | $4,050 |
| 4 Bedrooms | $4,910 |
| 5 Bedrooms | $5,696 |
| 6 Bedrooms | $6,380 |
| 7 Bedrooms | $6,890 |
| 8 Bedrooms | $7,235 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 91931 in fiscal year 2024 is set at $3200. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 Housing Choice Voucher program. It is important to note that this is not the amount tenants will pay in rent; rather, it is the maximum amount HUD will reimburse landlords for renting out a unit.
To give you a clearer picture, the local median rent for ZIP 91931 is currently N/A, which makes direct comparisons difficult. However, given that renters make up approximately 18.6% of the population in this area, there is a notable demand for affordable housing options. This percentage suggests that a significant portion of residents are looking for affordable rental properties, making Section 8 vouchers an attractive option for securing tenants.
When acquiring a property to use as a Section 8 rental, the typical purchase price in ZIP 91931 is N/A. While this does not provide a specific number, it is useful to understand that the FMR of $3200 can help cover ongoing costs such as maintenance, utilities, and mortgage payments if you have already purchased the property at a reasonable rate.
Before you decide to participate in the Section 8 program with your rental property in ZIP 91931, it is crucial to verify that your property meets the required standards. HUD has specific criteria for habitability, safety, and cleanliness. Ensuring compliance with these standards will be key to securing approval and avoiding any potential issues down the line.
In summary, the FMR of $3200 provides a solid benchmark for landlords and small-portfolio investors interested in Section 8 rentals in ZIP 91931. With a demand driven by a significant renter population, the Section 8 program offers a reliable source of income. Just remember to check that your property meets all necessary requirements for participation in the program.
Data Sources: FMR data from HUD (2027). 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.