Section 8 Fair Market Rent (FMR) for ZIP 93922 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 93922, located in California, represents a unique micro-market within the broader real estate landscape. This area is particularly relevant for investors interested in Section 8 housing due to its reliance on federal rental assistance programs.

• The Fair Market Rent (FMR) for ZIP 93922 in fiscal year 2024 is set at $2880, providing a benchmark for rental rates that landlords can expect to receive through the Section 8 program.
• The market rent data for ZIP 93922 is currently unavailable, which means investors must rely on the FMR as a primary guide for setting competitive rental prices.
• The median home value in this ZIP code is also not available, suggesting that it might be a predominantly rental market rather than owner-occupied.
• The exact percentage of the population that rents is not available, but given the reliance on Section 8, it's likely a significant portion of residents depend on rental assistance.
• The Days on Market (DOM) data is not available, indicating a lack of recent sales activity that could provide insights into property turnover and demand.
• The median household income data is also not available, making it difficult to assess the economic profile of potential tenants beyond their participation in the Section 8 program.

For landlords and small-portfolio investors, the key takeaway is that ZIP 93922 offers a stable rental market underpinned by the Section 8 program, with a clear rental price guideline at $2880. The absence of specific data points such as market rent and median home values suggests a need to focus on the reliability of the FMR and the consistent demand for subsidized housing. While the lack of detailed economic indicators poses some uncertainty, the strong presence of the Section 8 program ensures a steady stream of tenants who can afford the rent, making it a low-risk investment opportunity. However, investors should be prepared for limited data on local economic conditions and property turnover rates, which could affect their decision-making process regarding pricing and acquisition 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.