Location: San Diego-Chula Vista-Carlsbad, CA | Metro: San Diego-Chula Vista-Carlsbad, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,320 |
| 1 Bedroom | $2,470 |
| 2 Bedrooms | $3,110 |
| 3 Bedrooms | $4,190 |
| 4 Bedrooms | $5,090 |
| 5 Bedrooms | $5,904 |
| 6 Bedrooms | $6,612 |
| 7 Bedrooms | $7,141 |
| 8 Bedrooms | $7,498 |
U.S. Census Bureau data (2024)
4250 FMR (zip FY 2024): The Fair Market Rent for ZIP 92055 stands at $4250, reflecting the maximum amount Section 8 participants can be charged for a two-bedroom unit.
N/A market rent (N/A): Market rents for the area are currently unreported, making it difficult to assess the direct impact of Section 8 on local rental prices.
N/A median home value: The median home value in ZIP 92055 is not specified, but this figure is critical for understanding the overall real estate landscape.
N/A% renter share: Without specific data, it's unclear what percentage of residents are renters, which would indicate the potential demand for Section 8 properties.
N/A median income: The median household income in ZIP 92055 is also unspecified, but it is important for gauging the financial needs of potential tenants.
N/A-day DOM: Days on Market (DOM) data is not available, but this metric would help landlords understand how quickly their properties might sell or lease.
N/A% price-cut share: The percentage of homes needing price cuts is unknown, but it would provide insight into the competitiveness of the local real estate market.
The housing market in ZIP 92055 presents a mixed picture, with significant risk factors affecting property values and investment decisions. Specifically, 92055 faces a severe risk of wildfire, with 100% of properties at risk of being affected by wildfires over the next 30 years. Additionally, 6% of properties are at risk of severe flooding over the same period, indicating a need for robust insurance coverage and potentially higher maintenance costs.
While these risks are substantial, they must be weighed against the stable demand for affordable housing supported by the Section 8 program. For landlords and small-portfolio investors, the key lies in balancing these risks with the guaranteed rental income provided by Section 8 vouchers.
Section 8 Verdict: Invest cautiously, considering the significant environmental risks alongside the benefits of stable rental income.
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.