Location: San Diego-Chula Vista-Carlsbad, CA | Metro: San Diego-Chula Vista-Carlsbad, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,190 |
| 1 Bedroom | $2,330 |
| 2 Bedrooms | $2,820 |
| 3 Bedrooms | $3,740 |
| 4 Bedrooms | $4,520 |
| 5 Bedrooms | $5,243 |
| 6 Bedrooms | $5,872 |
| 7 Bedrooms | $6,342 |
| 8 Bedrooms | $6,659 |
2830 is the Fair Market Rent (FMR) for ZIP code 91951 in fiscal year 2024, setting a clear benchmark for rental properties in this area. While the market rent for 91951 remains unspecified, the FMR serves as a reliable indicator for landlords and small-portfolio investors considering their participation in the Section 8 program. The median home value is also unknown, making it challenging to gauge property appreciation trends without additional research. The percentage of renters in the area is not available, but given the FMR, it's reasonable to infer a significant portion of residents rely on rental housing. Similarly, the median income figure is missing, which would have provided insight into the earning capacity of potential tenants. With the days on market (DOM) unspecified, landlords must monitor local real estate activity closely to understand how quickly units typically rent out. The percentage of homes that have had their prices cut is also unavailable, indicating a stable market where landlords might expect fewer price adjustments. Given these figures, particularly the strong FMR at $2830, participation in Section 8 can be financially viable for landlords and small-portfolio investors in ZIP 91951.
Section 8 Verdict: Acceptable for investment, contingent upon further research into local market dynamics.
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.