Location: Santa Ana-Anaheim-Irvine, CA | Metro: Santa Ana-Anaheim-Irvine, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,580 |
| 1 Bedroom | $2,610 |
| 2 Bedrooms | $3,060 |
| 3 Bedrooms | $4,160 |
| 4 Bedrooms | $4,970 |
| 5 Bedrooms | $5,765 |
| 6 Bedrooms | $6,457 |
| 7 Bedrooms | $6,974 |
| 8 Bedrooms | $7,323 |
The analysis of ZIP code 92652 within the Santa Ana-Anaheim-Irvine, CA HUD Metro FMR Area reveals several critical points for landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for ZIP 92652 in fiscal year 2024 is set at $2780. However, without specific data on the market rent for this area, it's challenging to make a direct comparison. This lack of data suggests that further investigation into local rental rates is necessary to ensure the FMR aligns with what tenants can afford and what landlords can realistically expect to charge.
Moving on to the affordability of acquisition, the median home value and typical days on the market (DOM), along with the percentage of homes that require a price cut, are all marked as N/A. This absence of data makes it difficult to assess the cost-effectiveness of purchasing properties in this ZIP code. Investors would need to research these metrics to understand the financial feasibility of acquiring new rental units in the area.
Regarding tenant demand, the population and the percentage of renters in ZIP 92652 are also listed as N/A. Without these figures, it's impossible to quantify the potential pool of tenants and their willingness to rent. This information is crucial for determining if there is sufficient demand to support rental investments.
Verdict: ZIP 92652 presents an opportunity for rental investment with a set FMR of $2780, but the lack of detailed market data, including median home values, typical DOM, price-cut shares, population, and renter percentages, means that further research is essential before making any investment decisions. These missing pieces are vital for confirming both the financial viability of property acquisitions and the presence of a robust tenant base. Until these gaps are filled, caution is advised.
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.