Section 8 Fair Market Rent (FMR) for ZIP 92546 - 2027

FY 2027 Fair Market Rent Rates

$2090 is the Fair Market Rent (FMR) for ZIP code 92546 in FY 2024, indicating the maximum amount that a voucher holder can be charged for rent and utilities combined. This figure provides a benchmark for landlords and small-portfolio investors to set their rental prices competitively.

N/A market rent suggests that there is no recent data available to compare against the FMR, which might indicate a stable or less active rental market. However, the absence of fluctuating market rents could also imply that the area is maintaining consistent pricing, benefiting long-term investors.

N/A median home value highlights the lack of specific data regarding the typical cost of homes in the area. This could be due to the mixed nature of the real estate market in 92546, where both residential and commercial properties coexist.

N/A% renter share indicates that there is no precise data on the percentage of renters in the area. This ambiguity could mean that the population in 92546 is evenly split between homeowners and renters, or it could suggest a need for further investigation into local demographics.

N/A median income points out the absence of detailed information on the average income levels in the area. Understanding the income distribution is crucial for assessing the financial stability of potential tenants and the overall demand for rental properties.

N/A-day DOM (Days on Market) implies that there is no recent data on how quickly properties are being rented out in 92546. A low DOM would typically signal a strong rental market, whereas a high DOM could indicate slower turnover and a potentially less attractive investment environment.

N/A% price-cut share suggests that there is no recent data on the frequency of price reductions in the rental market. If the share were high, it might indicate a competitive market where landlords frequently adjust their prices to attract tenants.

Based on the available data, the verdict for Section 8 participation in ZIP code 92546 is positive, given the defined FMR and the potential for steady rental income. However, further research into local market dynamics and tenant demographics is recommended to 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.