Location: San Diego-Chula Vista-Carlsbad, CA | Metro: San Diego-Chula Vista-Carlsbad, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,640 |
| 1 Bedroom | $2,820 |
| 2 Bedrooms | $3,410 |
| 3 Bedrooms | $4,510 |
| 4 Bedrooms | $5,470 |
| 5 Bedrooms | $6,345 |
| 6 Bedrooms | $7,106 |
| 7 Bedrooms | $7,674 |
| 8 Bedrooms | $8,058 |
U.S. Census Bureau data (2024)
To integrate ZIP 92147 into a Section 8 portfolio strategy, consider it as a cash-flow anchor. The Federal Market Rent (FMR) for ZIP 92147 in fiscal year 2024 is set at $3120. This figure represents the baseline for rental income that can be reliably secured through Section 8 vouchers.
The absence of specific market rent data and median home value suggests limited information on the broader housing market dynamics within ZIP 92147. However, the FMR provides a stable and predictable income source, which is crucial for maintaining consistent cash flow in a real estate investment portfolio.
ZIP 92147, located within the San Diego-Chula Vista-Carlsbad, CA Metropolitan Statistical Area (MSA), benefits from the region's strong economic foundation and steady demand for affordable housing. This stability ensures that properties in this ZIP code will continue to attract tenants who qualify for Section 8 assistance, thereby minimizing the risk of vacancy and ensuring regular rental payments.
While there is no data on price-cut shares or days on market (DOM), these metrics would typically indicate whether a property is an appreciation play. Given the lack of such data, it is prudent to focus on the cash-flow aspect, leveraging the FMR to secure a reliable income stream.
ZIP 92147 is not positioned as a diversifier based on the available data. Diversification often involves balancing different types of investments, such as mixing properties with varying renter shares and median incomes. Since there is no information on the percentage of renters or median income, it is difficult to assess the potential for diversification in this ZIP code.
In conclusion, ZIP 92147 should be considered primarily as a cash-flow anchor within a Section 8 portfolio strategy, given the established FMR of $3120 for fiscal year 2024. This approach aligns with the goal of securing a stable and predictable income stream, which is essential for long-term financial planning and portfolio management.
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.