Section 8 Fair Market Rent (FMR) for ZIP 92406 - 2027

Location: Riverside-San Bernardino-Ontario, CA | Metro: Riverside-San Bernardino-Ontario, CA MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,560
1 Bedroom	$1,650
2 Bedrooms	$2,040
3 Bedrooms	$2,690
4 Bedrooms	$3,240
5 Bedrooms	$3,758
6 Bedrooms	$4,209
7 Bedrooms	$4,546
8 Bedrooms	$4,773

ZIP code 92406, located in San Diego, California, is a vibrant urban area with a strong economy driven by military bases, healthcare institutions, and educational facilities. This diverse mix of employers supports a steady population, making it an attractive location for rental properties.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 92406 for fiscal year 2024 is set at $1940.
The market rent for the area is currently N/A, indicating that there is no recent data available for comparison against the FMR.
The median home value in ZIP 92406 is N/A, suggesting that comprehensive housing data may be incomplete or outdated.
The percentage of residents who are renters in ZIP 92406 is N/A, which means we lack precise data on the proportion of homeowners versus renters.
The average number of days a property remains on the market before receiving an offer (DOM) is N/A, implying that there is insufficient data to assess the typical time frame for selling homes in this area.
The median household income in ZIP 92406 is N/A, indicating a gap in economic data that could affect the demand for rental properties.

In summary, while the Fair Market Rent provides a benchmark for rental pricing at $1940 for a two-bedroom unit, the absence of other key metrics such as market rent, median home values, and demographic details limits a comprehensive analysis. Landlords and small-portfolio investors should focus on leveraging the known economic stability of the area and consider local trends for setting competitive rental rates. However, the lack of updated data suggests a need for further research and caution when evaluating investment opportunities in ZIP 92406.

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.