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 | $2,420 |
| 1 Bedroom | $2,480 |
| 2 Bedrooms | $2,920 |
| 3 Bedrooms | $3,960 |
| 4 Bedrooms | $4,730 |
| 5 Bedrooms | $5,487 |
| 6 Bedrooms | $6,145 |
| 7 Bedrooms | $6,637 |
| 8 Bedrooms | $6,969 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,920 | $781,824 | 0.37% | F |
| 3BR | $3,960 | $1,008,872 | 0.39% | F |
| 4BR | $4,730 | $1,075,729 | 0.44% | F |
| 5BR | $5,487 | $1,291,861 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 92841, located in Garden Grove, CA, is characterized by a significant rental population. With a total population of 33,219, nearly 47% of residents are renters, indicating a robust demand for rental properties. The median household income in this area stands at $84,451, which provides context for understanding the affordability of housing.
The average market rent in ZIP 92841 is $2,379 per month. This represents approximately 28.2% of the median household income when considering annual income and monthly rent costs. In comparison, the Fair Market Rent (FMR) for the area, set at $2,290 for FY 2024, suggests that the market rent slightly exceeds the FMR, but not significantly.
Given the high percentage of renters and the relatively close alignment between market rents and FMR, it's reasonable to conclude that there is substantial demand for Section 8 vouchers in this area. Landlords in 92841 can expect a tenant pool that is largely dependent on government assistance to manage housing costs. These tenants will likely have their rent subsidized to an amount around the FMR, making the properties attractive to those who need financial support to find affordable housing.
To summarize, ZIP 92841 is a renter-heavy zone with strong demand for Section 8 vouchers. The typical rent of $2,379 consumes about 28.2% of the median household income, aligning closely with the FMR of $2,290. Landlords should anticipate tenants who rely on subsidies to cover a portion of their rent, ensuring they meet eligibility criteria and maintain their voucher status to continue occupying the property.
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.