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San Diego County/Imperial Beach/91932

91932

ZIPSAFMR
San Diego County, CA
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$2,010$2,110
1 BR$2,140$2,350
2 BR$2,590$2,790
3 BR$3,430$3,770
4 BR$4,150$4,390
5 BR$4,773Not available
6 BR$5,488Not available
7 BR$6,312Not available
8 BR$7,258Not available

Purchase Price Calculator

Maximum purchase price
$352,676

Cost breakdown

+Likely effective rent$2,790
HUD FMR$2,590
Market rent$2,890
Est. payment standard (108%)Used$2,790
-Principal and interest-$1,783
Loan amount$282,141
Down payment$70,535
Rate6.50%
Term30 years
-Operating costs-$807
Property taxes-$353
Insurance-$175
Utilities$0
HOA$0
Management-$279
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,426(63.0% ROI)
Projected value
$379,794
Return breakdown
Property appreciation+$27,118
Loan principal paid down+$10,108
Rental cash flow+$7,200
5-year hold
+$76,371(108.3% ROI)
Projected value
$399,021
Return breakdown
Property appreciation+$46,345
Loan principal paid down+$18,026
Rental cash flow+$12,000
10-year hold
+$165,732(235.0% ROI)
Projected value
$451,456
Return breakdown
Property appreciation+$98,779
Loan principal paid down+$42,953
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
0.87
2 BR
0.90
3 BR
0.81
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 91932 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 91932 (Imperial Beach, CA) is $2,590 a month. That is down 7.2% from $2,790 in FY 2026. Imperial Beach is in the San Diego-Chula Vista-Carlsbad, CA MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 174 ZIP codes in San Diego County, 91932 is tied for the 148th-highest two-bedroom rent (county range $1,750–$4,230). The median county two-bedroom FMR in California is $1,725, so ZIP 91932 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 91932
BedroomsFY 2027Change90–110% range
Studio$2,010−5.6%$1,809–$2,211
1BR$2,140−6.6%$1,926–$2,354
2BR$2,590−7.2%$2,331–$2,849
3BR$3,430−7.8%$3,087–$3,773
4BR$4,150−7.8%$3,735–$4,565

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 91932
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,010$2,140$2,590$3,430$4,150
FY 2026$2,130$2,290$2,790$3,720$4,500
FY 2025$1,910$2,080$2,570$3,440$4,180
FY 2024$1,820$1,980$2,500$3,370$4,090
FY 2023$1,560$1,710$2,180$2,980$3,620

Two-bedroom rent in nearby San Diego County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 91932
91921$2,820+8.9%
91931$3,060+18.1%
91932Current$2,590—
91933$2,820+8.9%
91934$2,790+7.7%
91935$2,730+5.4%
91941$2,630+1.5%
91942$2,840+9.7%
91943$2,820+8.9%
91944$2,820+8.9%
91945$2,350−9.3%
91946$2,820+8.9%

Questions about ZIP 91932 rents

How much will Section 8 pay for a two-bedroom in ZIP 91932?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,590, that basic range is $2,331 to $2,849 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 91932 in?

ZIP 91932 is in the San Diego-Chula Vista-Carlsbad, CA MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 91932 for FY 2027?

The two-bedroom FMR fell 7.2%, from $2,790 in FY 2026 to $2,590 in FY 2027. Since FY 2023 it has risen 18.8%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentImperial Beach, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources