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 analysis of ZIP 92167 within the San Diego-Chula Vista-Carlsbad, CA MSA metro area reveals several key points that are crucial for landlords and small-portfolio investors.
Regarding the rent math, the Fair Market Rent (FMR) for ZIP 92167 in fiscal year 2024 is set at $2830. This figure represents the maximum amount that a household paying 30% of their income towards rent should pay. However, the lack of specific market rent data makes it challenging to directly compare and assess whether the rent math works. Landlords should consider the FMR as a benchmark but also look into local rental trends and competition to ensure profitability.
In terms of acquisition affordability, the absence of precise data on median home values, days on market (DOM), and the percentage of homes that have been subject to price cuts hinders a comprehensive evaluation. Without these metrics, it's difficult to determine if the area offers good opportunities for purchasing properties at affordable rates. Investors should conduct thorough research on recent sales and listings to gauge the current real estate market conditions in ZIP 92167.
The tenant demand in ZIP 92167 is another critical factor. With incomplete data on the population size and the percentage of residents who are renters, a full assessment is not possible. However, given the broader context of the San Diego metropolitan area, which generally has high tenant demand due to its robust economy and diverse job market, it's reasonable to infer that ZIP 92167 would likely follow similar patterns. Nonetheless, specific local demographics and employment data are essential for a definitive conclusion.
Verdict: The analysis of ZIP 92167 indicates potential for real estate investment, particularly in the rental sector, due to its location within the San Diego metropolitan area known for strong tenant demand. However, the decision to invest should be based on the Fair Market Rent of $2830, which must be compared against actual market rents to confirm profitability. Additionally, the lack of detailed data on median home values, days on market, and price-cut shares means that further investigation is required to ascertain the feasibility of acquiring properties at affordable prices. Despite these uncertainties, the overall economic attractiveness of the region suggests that ZIP 92167 could be a viable investment target for those willing to conduct additional local market research.
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.