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 |
To classify ZIP 92169 in San Diego, California, we need to analyze the available data on yield and stability. The primary figure for yield is the Fair Market Rent (FMR), which for FY 2024 is set at $2830. This indicates the maximum amount that a landlord can charge for a rental property under the Section 8 program.
However, the absence of market rent and home value data makes it challenging to provide a comprehensive analysis of yield. Typically, a high-yield market would have a higher FMR relative to market rents and lower home values, suggesting that rental income could be more profitable than selling properties. Conversely, a steady-cashflow zone would likely have FMRs closer to market rents and stable home values, indicating a balanced approach to real estate investment.
The stability of the market in ZIP 92169 cannot be fully assessed without knowing the percentage of renters, the days on market (DOM), and median income levels. These factors are crucial because they help determine the reliability of rental income and the likelihood of tenant turnover. High percentages of renters and longer DOM periods might indicate instability, while higher median incomes could suggest greater financial security among tenants.
Given the limited data, ZIP 92169 appears to be a potential high-yield market due to the specific FMR figure provided. However, without additional metrics such as market rent and home values, it's difficult to definitively categorize it as either a flip-style market or a steady-cashflow zone. Landlords and small-portfolio investors should proceed with caution and seek out supplementary local market data to make informed decisions.
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.