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 | $3,490 |
| 1 Bedroom | $3,530 |
| 2 Bedrooms | $4,140 |
| 3 Bedrooms | $5,620 |
| 4 Bedrooms | $6,720 |
| 5 Bedrooms | $7,795 |
| 6 Bedrooms | $8,730 |
| 7 Bedrooms | $9,428 |
| 8 Bedrooms | $9,899 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,530 | $499,459 | 0.71% | D |
| 2BR | $4,140 | $667,602 | 0.62% | D |
| 3BR | $5,620 | $1,212,851 | 0.46% | F |
| 4BR | $6,720 | $1,685,175 | 0.4% | F |
| 5BR | $7,795 | $2,278,643 | 0.34% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 92679, Coto de Caza, CA, is set at $3610 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive; it's the ceiling price.
To put this into perspective, the local market rent for ZIP 92679 is estimated at $4,723, according to the Zillow Observed Rent Index (ZORI). This means that the FMR is approximately 76.5% of the average market rent in the area. If you're considering a Section 8 rental property, you should be prepared to accept a lower rent compared to the typical market rates.
The 10.3% renter share indicates the portion of the population that might be interested in your Section 8 rental. In other words, about 10.3% of potential renters in the area are likely to seek out affordable housing options such as those offered through the Section 8 program. This percentage suggests a moderate level of demand for Section 8 properties in Coto de Caza.
If you're looking to acquire a property in this area, the median home value stands at $1,600,684. This is the typical price range you would be dealing with when purchasing a home in ZIP 92679. Given the high acquisition costs, it's crucial to understand that while the FMR provides a stable income source, it might not cover the full mortgage and maintenance costs of a property in this price range.
Before making the decision to enter the Section 8 market, verify that the property meets all the necessary standards and requirements set by the Housing Authority. These include safety, health, and structural conditions, which must be met to ensure eligibility for the program. This step is critical to avoid any delays or complications once you have committed to the investment.
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.