Location: Santa Ana-Anaheim-Irvine, CA | Metro: Santa Ana-Anaheim-Irvine, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,560 |
| 1 Bedroom | $2,590 |
| 2 Bedrooms | $3,030 |
| 3 Bedrooms | $4,120 |
| 4 Bedrooms | $4,920 |
| 5 Bedrooms | $5,707 |
| 6 Bedrooms | $6,392 |
| 7 Bedrooms | $6,903 |
| 8 Bedrooms | $7,248 |
U.S. Census Bureau data (2024)
The Fullerton, CA ZIP code 92831 stands out in Orange County with a population of 35,618 residents, where 59.0% of them are renters. The median income here is $89,278, reflecting a middle-class community. Notably, the median home value in this area is quite high at $1,066,911, indicating that homeownership is a significant aspect of the local economy.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 92831 in fiscal year 2024 is set at $2,590. This figure is slightly higher than the market rent, which is estimated at $2,483 according to the ZORI index. Landlords can expect to receive a competitive rental rate through Section 8 vouchers, ensuring steady cash flow without the need for extensive marketing efforts.
The data signature for ZIP 92831 suggests a stable environment. With a significant portion of residents being renters and a high median home value, the demand for rental properties is likely to remain consistent. Moreover, the slight premium offered by the FMR over the market rent indicates that Section 8 vouchers can be a reliable source of income for landlords in this area.
Data Sources: FMR data from HUD (2027). 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.