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 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 91980 are defined by the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment, which is set at $2830 per month for the fiscal year 2024. This SAFMR is specific to this ZIP code, reflecting the local rental market conditions accurately.
While the local market rent for a two-bedroom unit in ZIP 91980 is currently unavailable, we can still break down how the Section 8 voucher system works for landlords. A voucher holder is required to contribute 30% of their adjusted income towards rent. This amount is considered the tenant's portion and is paid directly to the landlord. In addition to the tenant contribution, the voucher program also covers a utility allowance, which varies based on the household size and location but typically ranges between $300 to $500 per month.
To illustrate, if a tenant's adjusted income is $2000 per month, they would contribute $600 (30%) toward the rent. The remaining rent is subsidized by the housing authority up to the SAFMR limit. Therefore, for a two-bedroom apartment priced at $2830, the housing authority would pay the landlord $2230 ($2830 - $600).
Utility allowances must be factored into the total payment calculation. Assuming an average utility allowance of $400, the total monthly reimbursement to the landlord would be $2630 ($2230 + $400).
This means that for a two-bedroom unit in ZIP 91980, the landlord would receive a total of $2630 per month from the voucher program and the tenant combined. Given the SAFMR of $2830, the landlord would have a reimbursement gap of $200 per month, which represents the difference between the SAFMR and the total reimbursement received.
In summary, landlords should expect to receive a total of $2630 per month for a two-bedroom apartment under the Section 8 program, leading to a reimbursement gap of $200 compared to the SAFMR of $2830. This gap reflects the economic reality of providing affordable housing in ZIP 91980 under the current fiscal framework.
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.