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 Section 8 housing market in ZIP code 92112, located within the San Diego-Chula Vista-Carlsbad County, is defined by the HUD Fair Market Rent (FMR) of $2830 for fiscal year 2024. This figure serves as the benchmark for rental properties participating in the Section 8 program, where it is used to determine the maximum allowable rent for subsidized units.
However, the market rent for the area is currently unavailable, making direct comparisons challenging. Despite this, the FMR of $2830 can be analyzed based on the typical dynamics of the San Diego housing market. In general, voucher tenants in this region cashflow at the FMR rate, indicating that landlords can expect to cover their expenses and generate a modest profit without significant financial strain.
The median home value in ZIP 92112 is also not available, which hampers a precise calculation of the rent-to-price ratio. Nevertheless, given the strong real estate market in San Diego, it is likely that the rent-to-price ratio favors renting over buying, especially when considering the stability and guaranteed income provided by the Section 8 program.
While the exact number of days on market (DOM) and the percentage of price cuts are not specified, these factors typically play a minor role in the decision-making process for Section 8 investors. The primary focus remains on the reliability of the income stream and the ability to manage units effectively under the program's guidelines.
The strongest investor angle in ZIP 92112 is stability. The consistent payment structure provided by the Section 8 program ensures a reliable cash flow, which is crucial for landlords and small-portfolio investors looking to secure long-term, low-risk investments in the area.
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.