Section 8 Fair Market Rent (FMR) for ZIP 92366 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 92366, located in California, represents a unique micro-market with distinct characteristics that impact rental properties and investment opportunities. The Fair Market Rent (FMR) for the area has been set at $1940 for the fiscal year 2024, which provides a benchmark for rental pricing.

• The Fair Market Rent (FMR) for ZIP 92366 is set at $1940 for the fiscal year 2024, indicating the average rent level for a two-bedroom apartment.
• The specific market rent data for ZIP 92366 is currently unavailable, suggesting a need for further research on local rental trends.
• The median home value for the area is also not available, which means there's limited insight into the overall property values but highlights the importance of focusing on rental dynamics.
• The percentage of renters in the area is unknown, making it difficult to assess the demand for rental properties compared to homeownership.
• The Days on Market (DOM) data is missing, which would typically help gauge how quickly rental properties are being leased in the area.
• The median income for ZIP 92366 is not available, leaving a gap in understanding the financial capacity of potential tenants.

In summary, while the Fair Market Rent provides a crucial reference point for setting rental rates, the lack of detailed market-specific data such as market rent, median home value, renter share, DOM, and median income creates uncertainty. Landlords and small-portfolio investors should focus on leveraging the FMR as a baseline and conduct thorough local market research to fill in these gaps and 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.