Section 8 Fair Market Rent (FMR) for ZIP 93599 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,150
1 Bedroom	$2,400
2 Bedrooms	$2,960
3 Bedrooms	$3,760
4 Bedrooms	$4,200
5 Bedrooms	$4,872
6 Bedrooms	$5,457
7 Bedrooms	$5,894
8 Bedrooms	$6,189

The available data does not provide specific figures for ZIP 93599 regarding the percentage of renters, days on market (DOM), median income, or market value. However, we can analyze the information given for the Fair Market Rent (FMR) and make an educated assessment based on the comparison with national averages.

The Fair Market Rent (FMR) for ZIP 93599 in fiscal year 2024 is set at $2,540. This figure is crucial for determining the potential rental income that could be generated from properties in this area. Given that the FMR is higher than the national average, it suggests a potentially high-yield market.

To classify ZIP 93599 on the yield and stability axes, we would need additional data points such as the percentage of renters, typical DOM, and median household income. Without these metrics, we cannot conclusively determine if this is a high-yield/low-stability flip-style market, a steady-cashflow zone, or something in between.

However, the lack of specific market value and home value data implies that this area might not be widely covered by major real estate platforms, which could indicate lower competition and potentially higher yields for savvy investors who can accurately gauge the local demand and supply dynamics.

Investors should proceed with caution and conduct thorough local research to fill in the missing data points before making investment decisions in ZIP 93599. The high FMR suggests a good opportunity for rental income, but the stability of this market remains unclear without further details.

In summary, while ZIP 93599 appears to offer a high yield due to the relatively high FMR, the stability of the market cannot be determined without additional data. Investors should seek out local resources to gain a comprehensive understanding of the market conditions.

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.