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 |
The ZIP code 91976 in San Diego-Chula Vista-Carlsbad County stands out due to the lack of comprehensive data available regarding its residents, rental percentages, median income, and median home values. This scarcity of information can make it challenging for landlords and small-portfolio investors to gauge the local market conditions accurately.
Despite these data gaps, the Federal Market Rent (FMR) for ZIP 91976 has been established at $2830 for the fiscal year 2024. This figure represents the maximum amount that landlords can charge for units participating in the Section 8 program. Without a clear comparison to the local market rent, it's difficult to assess how competitive this rate is. However, landlords should be aware that the FMR is set to ensure affordability and may not always reflect the actual market rates.
Given the limited data points, the ZIP 91976 appears to have a transitional economic profile. The absence of detailed demographic and housing statistics suggests that the area might be undergoing changes that could impact the real estate market. Landlords and investors should monitor local developments closely and consider reaching out to local real estate agencies or government offices for more detailed insights into the current economic conditions.
To summarize, while the Federal Market Rent provides a benchmark for landlords participating in the Section 8 program, the lack of other key economic indicators makes it hard to predict stability or transition in the ZIP 91976 real estate market. The FMR of $2830 for the upcoming fiscal year is a critical figure to keep in mind when setting rents for eligible properties.
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.