Section 8 Fair Market Rent (FMR) for ZIP 92013 - 2027

FY 2027 Fair Market Rent Rates

The Section 8 market analysis for ZIP code 92013 in San Diego, California, reveals several key points for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) for this area in fiscal year 2024 is $2830. This figure is crucial for understanding how voucher tenants will fare financially when renting properties in this ZIP code.

Unfortunately, the specific market rent data for ZIP 92013 is currently unavailable. However, based on the HUD FMR, we can infer that voucher tenants will likely cashflow at the FMR rate, assuming typical market conditions. This means that landlords accepting Section 8 vouchers should expect to receive the full FMR amount without significant delays or complications, ensuring steady income.

The median home value for ZIP 92013 is also not available, which would have been useful for deriving the rent-to-price ratio. This ratio helps investors understand the relative affordability of renting versus buying in an area. Without this data, it's challenging to provide a precise comparison, but generally, areas with higher median home values tend to support higher rents, indicating potentially strong rent-to-price ratios in ZIP 92013.

Regarding the days on market (DOM) and the percentage of homes that experience price cuts, both pieces of information are missing. These metrics are important for assessing the local housing market's health and how quickly properties turn over, which can affect the demand for rental properties. In the absence of these figures, it's difficult to comment on the specific rent-versus-buy dynamics influencing this ZIP code.

The strongest angle for investors in ZIP 92013 remains cashflow. Given the established FMR of $2830, landlords can secure consistent rental income by focusing on properties that meet the criteria for Section 8 tenancy. This ensures a reliable source of income, particularly valuable in a metropolitan area like San Diego, where housing demand is robust and stable.

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.