Location: Santa Ana-Anaheim-Irvine, CA | Metro: Santa Ana-Anaheim-Irvine, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $3,350 |
| 1 Bedroom | $3,390 |
| 2 Bedrooms | $3,970 |
| 3 Bedrooms | $5,390 |
| 4 Bedrooms | $6,450 |
| 5 Bedrooms | $7,482 |
| 6 Bedrooms | $8,380 |
| 7 Bedrooms | $9,050 |
| 8 Bedrooms | $9,503 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,390 | $649,886 | 0.52% | F |
| 2BR | $3,970 | $1,017,087 | 0.39% | F |
| 3BR | $5,390 | $1,406,402 | 0.38% | F |
| 4BR | $6,450 | $1,792,332 | 0.36% | F |
| 5BR | $7,482 | $2,178,263 | 0.34% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 92612 in Irvine, California, for fiscal year 2024 is set at $3,590. This figure represents the maximum amount that a landlord can receive through the Section 8 program, which is based on the Housing Choice Voucher system. It's important to note that this is not the actual rent you will charge your tenants; it's the reimbursement limit for the government subsidy.
To put this into context, the Zillow Observed Rent Index (ZORI), which reflects the average market rent in the area, stands at $3,165. This means that the FMR is slightly higher than the typical market rent, providing a potential buffer for landlords participating in the Section 8 program. However, landlords should be aware that the voucher payments typically cover only a portion of the rent, and tenants are responsible for paying the difference out-of-pocket.
In ZIP 92612, the percentage of renters is quite high at 73.9%, indicating a strong demand for rental properties. This makes Irvine an attractive market for those considering entering the rental business, especially with Section 8. The median home value in the area is around $1,211,308, which further emphasizes the need for affordable rental options and supports the viability of Section 8 rentals.
Before committing to a Section 8 rental property, one key verification step is essential: ensure that the property meets all the required standards set by the Housing Authority. These standards include safety, health, and habitability criteria, which must be met before a voucher holder can move in. Failure to comply can result in reduced reimbursement rates or even disqualification from the program.
In summary, the FMR of $3,590 provides a clear benchmark for reimbursement, while the local ZORI of $3,165 offers insight into the competitive market conditions. With a significant portion of residents renting, there is a solid demand for affordable housing. To secure a successful Section 8 rental, verify that your property meets the necessary standards to avoid any issues with the Housing Authority.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.