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 |
|---|---|---|---|---|
| 3BR | $3,960 | $1,909,046 | 0.21% | F |
| 4BR | $4,730 | $2,224,497 | 0.21% | F |
| 5BR | $5,487 | $2,660,442 | 0.21% | F |
U.S. Census Bureau data (2024)
The ZIP code 92861 presents an interesting scenario for both renters and landlords alike. With a median income of $202,245, households in this area have a substantial financial cushion. However, the absence of specific market rate data makes it challenging to directly assess the affordability for renters based on local rental costs.
When comparing the median income to the Fair Market Rent (FMR) standard set at $2,560 for zip FY 2024, it becomes evident that the majority of residents could comfortably cover these costs without significant strain on their finances. This suggests that while the median income is high, the FMR standard is within reach for most households.
Given that only 10.3% of the 5,748 population are renters, the competition among landlords in 92861 is relatively low compared to areas with higher percentages of renters. This limited rental market means that landlords must carefully consider their pricing and offerings to attract tenants.
The affordability gap in 92861, though not quantitatively defined due to missing market rate data, implies that there might be a segment of the population that finds the rental market too expensive even with the FMR standard. For landlords, this means they should evaluate the demand for subsidized housing versus the potential for higher rents from those who can pay more.
Takeaway: Landlords in 92861 should be aware of the high median income but also the relatively low percentage of renters. While some households can afford higher rents, others may rely on vouchers. Therefore, landlords should consider a mixed strategy, balancing between accepting Section 8 vouchers to tap into a guaranteed income stream and setting competitive market rates to attract cash-paying tenants who can afford higher rents.
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.