Location: El Centro, CA | Metro: El Centro, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
U.S. Census Bureau data (2024)
The classification of ZIP code 92257, located in San Diego, California, hinges on its financial metrics and demographic characteristics. On the yield axis, the Federal Market Rent (FMR) for ZIP 92257 in fiscal year 2024 is set at $1040. This figure is notably higher than the market rent of $872, indicating a potential for above-average rental income when properties qualify for Section 8 subsidies. The absence of home values suggests that the primary focus should be on rental income rather than speculative appreciation.
Moving to the stability axis, ZIP 92257 exhibits a substantial proportion of renters at 46.7%, which is indicative of a robust demand for rental housing. Although the days on market (DOM) figure is unavailable, the median household income stands at $22,611, which is lower than the typical income levels in the area. This suggests that while there is a consistent base of tenants, their ability to pay market rates may be limited, thus making Section 8 vouchers particularly attractive.
Given these specifics, ZIP 92257 leans towards being a steady-cashflow zone. The significant gap between FMR and market rent, coupled with a high percentage of renters, supports this classification. Landlords can expect reliable income streams due to the strong tenant demand, albeit with a lower income level among residents. However, the financial cushion provided by Section 8 subsidies ensures that cash flow remains stable and predictable, making it an attractive option for those seeking a low-risk investment strategy.
Investors should note that while the potential for high yields exists due to the subsidy, the overall stability of the market is supported by the consistent presence of renters who rely on affordable housing options. This balance makes 92257 neither a high-yield/low-stability flip-style market nor a purely conservative play but a middle ground where both income generation and property management stability are achievable.
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.