Section 8 Fair Market Rent (FMR) for ZIP 92227 - 2027

Location: El Centro, CA | Metro: El Centro, CA MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$880
1 Bedroom	$970
2 Bedrooms	$1,270
3 Bedrooms	$1,720
4 Bedrooms	$2,120
5 Bedrooms	$2,459
6 Bedrooms	$2,754
7 Bedrooms	$2,974
8 Bedrooms	$3,123

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

28,315

Median Household Income

$59,362

Housing Units

9,028

Renter Percentage

48.2%

Occupancy Rate

90.9%

Renter Occupied

3,955

ZIP code 92227, located in Orange County, California, is a bustling suburban area that offers a mix of residential and commercial properties, making it an attractive investment opportunity for landlords and small-portfolio investors. The region benefits from its proximity to major cities while maintaining a quieter, community-focused environment.

The Fair Market Rent (FMR) for ZIP 92227 for fiscal year 2024 is set at $1,240, indicating the government's benchmark for affordable housing in the area.
The market rent, as measured by Zillow's ZORI index, stands at $1,200, closely aligning with the FMR and suggesting a competitive rental market.
The median home value in the area is $358,605, reflecting a stable property market that provides both affordability and potential appreciation.
Renters make up 48.2% of the population, showing a significant demand for rental properties and highlighting the importance of offering quality rental options.
The median household income in ZIP 92227 is $59,362, which supports the rental market and indicates the financial stability of residents.

In summary, ZIP 92227 presents a balanced market with a strong rental demand and stable home values. The close alignment between the FMR and market rent suggests a healthy competition among landlords, while the substantial renter share and median income levels provide assurance of a steady stream of tenants capable of paying competitive rents. This makes the area a reliable choice for those looking to invest in real estate with predictable returns and growth potential.

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.