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San Diego County/Lakeside/92040

92040

ZIPSAFMR
San Diego County, CA
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$1,930$1,990
1 BR$2,050$2,220
2 BR$2,480$2,710
3 BR$3,290$3,570
4 BR$3,980$4,280
5 BR$4,577Not available
6 BR$5,264Not available
7 BR$6,053Not available
8 BR$6,961Not available

Purchase Price Calculator

Maximum purchase price
$340,788

Cost breakdown

+Likely effective rent$2,710
HUD FMR$2,480
Market rent$2,840
Est. payment standard (109%)Used$2,710
-Principal and interest-$1,723
Loan amount$272,631
Down payment$68,158
Rate6.50%
Term30 years
-Operating costs-$787
Property taxes-$341
Insurance-$175
Utilities$0
HOA$0
Management-$271
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,171(63.3% ROI)
Projected value
$366,992
Return breakdown
Property appreciation+$26,203
Loan principal paid down+$9,768
Rental cash flow+$7,200
5-year hold
+$74,201(108.9% ROI)
Projected value
$385,571
Return breakdown
Property appreciation+$44,782
Loan principal paid down+$17,418
Rental cash flow+$12,000
10-year hold
+$160,955(236.2% ROI)
Projected value
$436,238
Return breakdown
Property appreciation+$95,450
Loan principal paid down+$41,505
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
0.89
2 BR
0.87
3 BR
0.88
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92040 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92040 (Lakeside, CA) is $2,480 a month. That is down 5.7% from $2,630 in FY 2026. Lakeside 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, 92040 has the 155th-highest two-bedroom rent (county range $1,750–$4,230). The median county two-bedroom FMR in California is $1,725, so ZIP 92040 is 44% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92040
BedroomsFY 2027Change90–110% range
Studio$1,930−4.0%$1,737–$2,123
1BR$2,050−5.1%$1,845–$2,255
2BR$2,480−5.7%$2,232–$2,728
3BR$3,290−6.0%$2,961–$3,619
4BR$3,980−6.4%$3,582–$4,378

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92040
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,930$2,050$2,480$3,290$3,980
FY 2026$2,010$2,160$2,630$3,500$4,250
FY 2025$1,860$2,020$2,500$3,340$4,070
FY 2024$1,780$1,940$2,440$3,290$3,990
FY 2023$1,460$1,610$2,050$2,800$3,410

Two-bedroom rent in nearby San Diego County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92040
92028$2,300−7.3%
92029$3,030+22.2%
92030$2,820+13.7%
92033$2,820+13.7%
92036$2,230−10.1%
92037$3,380+36.3%
92038$2,820+13.7%
92039$2,820+13.7%
92040Current$2,480—
92046$2,820+13.7%
92049$2,820+13.7%
92051$2,820+13.7%

Questions about ZIP 92040 rents

How much will Section 8 pay for a two-bedroom in ZIP 92040?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,480, that basic range is $2,232 to $2,728 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 92040 in?

ZIP 92040 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 92040 for FY 2027?

The two-bedroom FMR fell 5.7%, from $2,630 in FY 2026 to $2,480 in FY 2027. Since FY 2023 it has risen 21.0%.

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 rentLakeside, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources