Section 8 Fair Market Rent (FMR) for ZIP 92811 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 92811 is located in Atwood, CA. Despite the initial lack of specific data, recent sources indicate a population of 63,636 residents, a median household income of $109,199, and a median home value of $846,956. However, detailed demographics such as the percentage of renters and the median age remain unspecified.

Moving into the economic analysis of rentals, the Fair Market Rent (FMR) for ZIP code 92811 stands at $2780 for fiscal year 2024. While market rent data is not explicitly provided for ZIP 92811, it is important to compare this FMR figure with local market conditions. Typically, FMR serves as a benchmark for affordable housing, and if the market rent exceeds this amount, it suggests a higher demand for subsidized housing options.

In terms of investment strategy, ZIP 92811 fits well for hands-on value-add buyers rather than hands-off operators. Given the relatively high median income and home values, there is potential for properties that cater to both Section 8 tenants and the broader market. Landlords who can manage properties effectively, ensuring compliance with HUD requirements while also offering amenities that attract non-subsidized tenants, will likely find success in this area. The high FMR also indicates a need for affordable housing solutions, making Section 8 properties a viable option for those willing to engage actively in property management.

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.