Location: El Centro, CA | Metro: El Centro, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,520 |
| 5 Bedrooms | $2,923 |
| 6 Bedrooms | $3,274 |
| 7 Bedrooms | $3,536 |
| 8 Bedrooms | $3,713 |
U.S. Census Bureau data (2024)
1360 is the Fair Market Rent (FMR) set for ZIP 92275 for fiscal year 2024, indicating the maximum amount Section 8 vouchers can cover for rental units. 1298 is the average market rent based on Census ACS data, suggesting that properties priced at or below the FMR could attract both voucher holders and non-voucher tenants. While the median home value is not available, the 26.4 percentage represents the share of renters in the area, highlighting a significant demand for rental properties. The lack of specific data on median income means investors must rely on other sources to gauge the financial stability of potential tenants. With the day DOM being unavailable, landlords should focus on maintaining competitive pricing and appealing property conditions to attract tenants quickly. Similarly, the absence of data on the percentage of price-cut share suggests that landlords should avoid deep discounts and instead consider market rates for optimal returns. In summary, the combination of a high renter share and a favorable market rent-to-FMR ratio makes ZIP 92275 a viable option for landlords participating in the Section 8 program. The verdict for Section 8 participation in ZIP 92275 is positive, given the alignment between market rents and FMRs.
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.