Section 8 Fair Market Rent (FMR) for ZIP 93279 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 93279, located in California, is a region that offers unique opportunities for real estate investors, particularly those interested in the dynamics of Section 8 housing and market rents. The area is characterized by a blend of residential neighborhoods, providing a setting where rental properties can thrive under the right conditions.

• The Fair Market Rent (FMR) for ZIP 93279 in fiscal year 2024 is set at $1300. This figure represents the average rent price for a moderate-quality rental unit suitable for low-income families.
• The market rent for the area is currently not available (N/A). This lack of data can make it challenging to gauge the exact premium over FMR landlords might charge for non-subsidized units.
• The median home value in ZIP 93279 is also not available (N/A). This absence of information suggests that the area may not have extensive data on homeownership, which could indicate a strong rental market.
• The percentage of residents who are renters in this area is not available (N/A). However, a high renter share typically indicates a robust demand for rental properties.
• The days on market (DOM) for properties in this area is not available (N/A). A low DOM would suggest a quick turnover rate and high demand for housing, beneficial for investors looking to minimize holding costs.
• The median household income for ZIP 93279 is not available (N/A). Understanding income levels helps in assessing the financial health of potential tenants and the overall economic stability of the area.

Investors considering ZIP 93279 should focus on the Fair Market Rent as a benchmark for pricing subsidized units. While specific data points such as market rent, median home values, and renter share percentages are unavailable, the area's reliance on Section 8 subsidies indicates a strong demand for affordable housing. The unknown days on market and median income figures underscore the need for thorough local research before making investment decisions. Overall, the presence of a defined FMR suggests a stable base for rental income, making it a viable option for landlords and small-portfolio investors seeking consistent returns in a managed risk environment.

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.