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 92039 in San Diego-Chula Vista-Carlsbad County stands out due to limited data availability regarding its residents, rental percentage, median income, and median home value. This scarcity of information can make it challenging to fully assess the area's demographic and economic characteristics.
Despite these data gaps, the Section 8 voucher program provides some insight into the rental market dynamics. For fiscal year 2024, the Fair Market Rent (FMR) for ZIP 92039 is set at $2830. This figure serves as a benchmark for rental costs in the area and is crucial for landlords and small-portfolio investors considering participation in the Section 8 program. The FMR is designed to reflect the cost of housing that is typical for the area, ensuring that voucher holders can find suitable accommodation.
The voucher economics in ZIP 92039 are significant because they offer a guaranteed source of income for landlords who qualify to accept Section 8 vouchers. Given the lack of specific market rent data, the FMR becomes an important reference point. It indicates that landlords should aim to have their properties priced around this amount to attract tenants with vouchers.
Based on the available data, the overall signature for ZIP 92039 reads as transitional. The absence of detailed demographic and economic metrics suggests ongoing changes in the area that could affect both the rental market and the desirability of the location for various stakeholders. Landlords and investors should stay informed about local developments and monitor market trends closely to make well-informed decisions.
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.