Location: San Diego-Chula Vista-Carlsbad, CA | Metro: San Diego-Chula Vista-Carlsbad, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,480 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $1,920 |
| 3 Bedrooms | $2,560 |
| 4 Bedrooms | $3,120 |
| 5 Bedrooms | $3,619 |
| 6 Bedrooms | $4,053 |
| 7 Bedrooms | $4,377 |
| 8 Bedrooms | $4,596 |
U.S. Census Bureau data (2024)
ZIP code 92060 is situated within the San Diego-Chula Vista-Carlsbad, CA Metropolitan Statistical Area (MSA). Its Fair Market Rent (FMR) for fiscal year 2024 is set at $2090. However, the market rent data is currently unavailable, which can make direct comparisons challenging. The median home value in 92060 is listed at $483,331, while its renter share is at a notable 0.0%.
To contextualize these figures, consider that the typical ZIP codes within the San Diego-Chula Vista-Carlsbad, CA MSA have higher FMRs and a significant renter share, often above 30%. Given the absence of market rent data, we must rely on the FMR and other indicators to assess the position of 92060 within its metro.
The $2090 FMR is likely lower than the average market rents in most ZIP codes of the San Diego-Chula Vista-Carlsbad, CA MSA. This suggests that 92060 might be considered a value pocket rather than a premium sub-market. The low renter share indicates that the area is predominantly owner-occupied, which is uncommon for neighborhoods with a strong presence of rental properties, especially those catering to Section 8 tenants.
The median home value of $483,331 aligns with the broader trends observed in the San Diego-Chula Vista-Carlsbad, CA MSA, where home values can vary widely but are generally high due to the region's desirability and limited housing stock. This figure places 92060 squarely within the mid-tier range of the metro, neither exceptionally affordable nor exorbitantly expensive.
In summary, ZIP 92060 stands out as a value pocket within the San Diego-Chula Vista-Carlsbad, CA MSA, primarily due to its lower FMR compared to likely market rents. Its median home value and low renter share suggest it is a middle-ground neighborhood, less attractive for rental investors seeking Section 8 subsidies. The lack of rental activity and the specific FMR figure indicate that this ZIP code is not a typical Section 8 sweet spot, as it lacks the high renter share often seen in such areas.
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.