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 |
The ZIP code 92871 is located in Placentia, California, a suburban community known for its residential neighborhoods and family-friendly environment. However, specific demographic data such as the exact population, percentage of renters, median income, and median home value for ZIP 92871 are not readily available. This lack of precise figures can make it challenging to paint a detailed picture of the area's socioeconomic profile.
Moving into the realm of rent economics, the Fair Market Rent (FMR) for ZIP 92871 in fiscal year 2024 is set at $2780. This figure represents the government's estimate of the maximum amount a low-income family should pay for housing to avoid being cost-burdened. Unfortunately, the current market rent for the area is also not specified, which means there is no direct comparison available between the FMR and the actual rental rates. This absence of market rent data could suggest either a lack of recent studies or an unusually stable rental market where fluctuations are minimal.
Given the limited data available, it's difficult to definitively categorize ZIP 92871 as a suitable location for either a hands-off voucher operator or a hands-on value-add buyer. The FMR of $2780 provides a benchmark for rental prices, but without knowing the local market rent, it's hard to assess whether the area supports a higher rate of occupancy through Section 8 vouchers or if there's potential for increasing property values through active management and improvements. Landlords and small-portfolio investors considering ZIP 92871 should conduct thorough due diligence, including reaching out to local real estate agents and reviewing property listings, to better understand the current rental dynamics and the potential for hands-on investment strategies.
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.