Location: Santa Ana-Anaheim-Irvine, CA | Metro: Santa Ana-Anaheim-Irvine, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,580 |
| 1 Bedroom | $2,610 |
| 2 Bedrooms | $3,060 |
| 3 Bedrooms | $4,160 |
| 4 Bedrooms | $4,970 |
| 5 Bedrooms | $5,765 |
| 6 Bedrooms | $6,457 |
| 7 Bedrooms | $6,974 |
| 8 Bedrooms | $7,323 |
Santa Ana-Anaheim-Irvine County ZIP 92857 presents unique opportunities for landlords and small-portfolio investors due to its distinct economic profile. Despite the lack of detailed demographic data such as resident count, rental percentage, median income, and median home value, the area's Fair Market Rent (FMR) provides a crucial insight into its housing dynamics.
The FMR for ZIP 92857 in fiscal year 2024 is set at $2780, which represents the maximum amount that a landlord can charge for a Section 8 voucher. This figure is particularly significant as it stands in comparison to the local market rent, which is currently unavailable but typically aligns closely with the FMR in similar areas. The FMR serves as an indicator of the affordability and demand for rental properties in the region.
Investors should focus on the voucher economics when considering this ZIP code. With the FMR at $2780, landlords can expect steady rental income through Section 8 vouchers. However, without precise market rent data, it is challenging to assess the exact profitability margin between FMR and market rates. In general, if the market rent is lower than or close to the FMR, landlords will find the Section 8 program more attractive.
Given the limited data available, it is difficult to definitively classify ZIP 92857 as either stable or transitional. Typically, stability in a ZIP code would be indicated by consistent population growth, a steady rental market, and predictable income levels. Without these specifics, investors must rely on broader regional trends and the known benefits of the Section 8 program to gauge the potential for long-term investment success in this area.
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.