Section 8 Fair Market Rent (FMR) for ZIP 92809 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP 92809 in fiscal year 2024 is set at $2780. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you choose to participate in the program, you will be reimbursed up to this amount per month by the government for eligible tenants. It's important to note that this is not the rent you should charge; it's the maximum reimbursement rate.

In ZIP 92809, the median market rent is currently listed as N/A. While this data point is missing, the percentage of renters in the area is N/A%, indicating a strong demand for rental properties. High renter share suggests that there are many individuals and families looking for affordable housing options, which can make Section 8 properties attractive to potential tenants.

The acquisition cost for properties in ZIP 92809 is also noted as N/A. This would typically give insight into the average price you might expect to pay for a property in this area, but without this information, it's crucial to conduct thorough research on local real estate values before making an investment decision.

Before proceeding with your first Section 8 rental in ZIP 92809, you must verify that your property meets all the Housing Quality Standards (HQS). These standards ensure that the property is safe, decent, and sanitary for tenants. Failure to meet these criteria can result in penalties or loss of eligibility for the program. Make sure to review the checklist provided by the local housing authority and address any issues before applying for tenants.

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.