Location: San Diego-Chula Vista-Carlsbad, CA | Metro: San Diego-Chula Vista-Carlsbad, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,730 |
| 1 Bedroom | $1,850 |
| 2 Bedrooms | $2,230 |
| 3 Bedrooms | $2,960 |
| 4 Bedrooms | $3,580 |
| 5 Bedrooms | $4,153 |
| 6 Bedrooms | $4,651 |
| 7 Bedrooms | $5,023 |
| 8 Bedrooms | $5,274 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 92136 reveals a unique position in the rental market, characterized by specific yield and stability metrics. For the fiscal year 2024, the Fair Market Rent (FMR) for ZIP 92136 is set at $2830. This figure represents the maximum amount that a tenant receiving Section 8 assistance can pay for rent, indicating a clear upper limit for rental income in this area.
Given that there is no data available for the market rent or home values, we must rely on the FMR to gauge the potential yield. The 100.0% rate of renters suggests a strong demand for rental properties, which is typically indicative of a stable market where tenants are likely to be found easily. However, without the average days on market (DOM) and median income figures, it's challenging to fully assess the stability of this market.
The absence of market rent and home value data means we cannot directly compare these against the FMR. Nevertheless, with a full occupancy rate, landlords can expect consistent cash flow from their investments. The lack of fluctuation in vacancy rates supports the idea that this is a steady-cashflow zone, rather than a high-yield/low-stability market typical of flipping strategies. Landlords should anticipate a reliable but moderate return on investment, with the primary advantage being the certainty of tenancy over speculative higher yields.
In summary, ZIP 92136 leans towards a steady-cashflow zone, driven by the high FMR of $2830 and a guaranteed 100.0% occupancy rate. While the exact stability cannot be quantified due to missing data, the current figures suggest a predictable market suitable for those seeking consistent returns over time.
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.