Section 8 Fair Market Rent (FMR) for ZIP 92654 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 92654 in fiscal year 2024 is set at $2780. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, not the actual rent that will be paid by tenants. It's important to note that the actual rent paid by tenants can be lower, depending on their income and the specific terms of their housing assistance contract.

In ZIP 92654, the median rent for non-subsidized properties is currently listed as N/A. While we don't have a specific dollar amount to compare against, it's worth noting that the N/A% of renters who rely on government subsidies indicates a significant portion of the market may be interested in Section 8 rentals. This suggests there could be strong demand for your property if you decide to participate in the program.

The acquisition cost for new Section 8 units, which is the process of getting approved and enrolled in the program, is also noted as N/A. This typically includes administrative costs, repairs to meet Housing Quality Standards (HQS), and potential delays in finding a tenant due to the voucher process. However, once your property is enrolled, the FMR helps ensure you receive a stable, government-backed income.

Before making the decision to enroll your property in the Section 8 program, it is crucial to verify that your rental unit meets the HQS. These standards are designed to ensure that all Section 8 homes are safe, decent, and sanitary. Failure to meet these standards can delay your participation in the program and may require additional investments to bring your property up to code.

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.