Location: San Diego-Chula Vista-Carlsbad, CA | Metro: San Diego-Chula Vista-Carlsbad, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,600 |
| 1 Bedroom | $2,780 |
| 2 Bedrooms | $3,360 |
| 3 Bedrooms | $4,450 |
| 4 Bedrooms | $5,380 |
| 5 Bedrooms | $6,241 |
| 6 Bedrooms | $6,990 |
| 7 Bedrooms | $7,549 |
| 8 Bedrooms | $7,926 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 92093 are defined by the SAFMR (Small Area Fair Market Rent) rates established by HUD (Department of Housing and Urban Development). For a two-bedroom apartment in this ZIP code, the SAFMR for FY 2024 is set at $2830. This figure represents the maximum amount that the government will pay towards a tenant's rent under the Section 8 program. However, it's important to note that the local market rent data for ZIP 92093 is currently unavailable, which makes direct comparisons challenging.
When a landlord participates in the Section 8 program, they receive payments based on the voucher holder’s income. The voucher pays a portion of the rent, while the tenant is responsible for paying the remaining balance. Typically, the tenant pays approximately 30% of their adjusted monthly income towards rent. This means if a tenant's monthly income is $2000, they would pay $600 towards rent, leaving the remaining $2230 to be covered by the voucher, assuming the full SAFMR is utilized.
In addition to the base rent, there are utility allowances that can vary depending on the specifics of the property and the region. These allowances are designed to cover the cost of utilities such as electricity, water, and gas. The exact amount of these allowances is not specified here but should be considered when calculating the total reimbursement a landlord might receive.
To illustrate, let's assume a utility allowance of $200 for simplicity. If the tenant pays $600, and the voucher covers $2230, plus an additional $200 for utilities, the landlord would receive a total of $2430 per month. This calculation shows that the landlord is receiving less than the full SAFMR due to the tenant's contribution.
The reimbursement gap or surplus is determined by comparing the total reimbursement (voucher payment + tenant contribution + utility allowances) to the actual market rent. Since the local market rent for ZIP 92093 is not available, we cannot definitively state whether there is a surplus or a shortfall. However, if the local market rent is higher than $2830, landlords will face a shortfall. Conversely, if the market rent is lower, landlords could see a surplus.
In conclusion, landlords in ZIP 92093 participating in the Section 8 program should expect to receive up to $2830 per month for a two-bedroom unit, with the actual amount being influenced by the tenant's income and any applicable utility allowances. Without specific local market rent data, it's impossible to quantify the exact reimbursement gap or surplus, but understanding the components of the reimbursement can help landlords make informed decisions about participation.
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.