Section 8 Fair Market Rent (FMR) for ZIP 92202 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 92202, located in San Diego, California, is known for its vibrant urban environment and proximity to key business districts. This area offers a mix of residential and commercial properties, making it an attractive location for both tenants and investors.

• The Fair Market Rent (FMR) for ZIP 92202 is set at $2090 for fiscal year 2024, indicating the average rent price for a two-bedroom apartment as determined by HUD.
• The specific data on market rent for ZIP 92202 is currently unavailable, suggesting that while there is a defined fair market rent, actual market conditions may vary.
• The median home value for ZIP 92202 is also currently unavailable, which means that the typical range of home values cannot be precisely determined without further research.
• The percentage of residents who are renters in ZIP 92202 is not available, but it is a crucial figure for understanding the demand for rental properties in the area.
• The Days on Market (DOM) for listings in ZIP 92202 is not available, which would typically provide insight into how quickly properties are selling or renting.
• The median household income for ZIP 92202 is not available, a critical metric for gauging the financial stability and spending power of the local population.

Investors should note that despite the lack of certain specific data points such as market rent, median home value, renter share, DOM, and median income, the Fair Market Rent of $2090 provides a baseline for pricing in the area. The absence of detailed market metrics suggests that thorough due diligence is necessary before making investment decisions in ZIP 92202. Local trends and economic indicators should be closely monitored to fill these gaps and make informed choices.

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.