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San Diego County/San Diego/92108

92108

ZIPSAFMR
San Diego County, CA
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$3,200$2,580
1 BR$3,410$2,990
2 BR$4,120$3,450
3 BR$5,460$4,350
4 BR$6,610$4,490
5 BR$7,601Not available
6 BR$8,742Not available
7 BR$10,053Not available
8 BR$11,561Not available

Purchase Price Calculator

Maximum purchase price
$450,752

Cost breakdown

+Likely effective rent$3,450
HUD FMR$4,120
Market rentUsed$3,450
Est. payment standard (90%)$3,710
-Principal and interest-$2,279
Loan amount$360,602
Down payment$90,150
Rate6.50%
Term30 years
-Operating costs-$971
Property taxes-$451
Insurance-$175
Utilities$0
HOA$0
Management-$345
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$54,778(60.8% ROI)
Projected value
$485,411
Return breakdown
Property appreciation+$34,659
Loan principal paid down+$12,919
Rental cash flow+$7,200
5-year hold
+$94,271(104.6% ROI)
Projected value
$509,985
Return breakdown
Property appreciation+$59,233
Loan principal paid down+$23,039
Rental cash flow+$12,000
10-year hold
+$205,146(227.6% ROI)
Projected value
$577,001
Return breakdown
Property appreciation+$126,249
Loan principal paid down+$54,898
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.24
1 BR
1.14
2 BR
1.19
3 BR
1.26
4 BR
1.47
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92108 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92108 (San Diego, CA) is $4,120 a month. That is down 5.9% from $4,380 in FY 2026. San Diego 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, 92108 is tied for the 6th-highest two-bedroom rent (county range $1,750–$4,230). The median county two-bedroom FMR in California is $1,725, so ZIP 92108 is 139% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92108
BedroomsFY 2027Change90–110% range
Studio$3,200−4.2%$2,880–$3,520
1BR$3,410−5.0%$3,069–$3,751
2BR$4,120−5.9%$3,708–$4,532
3BR$5,460−6.5%$4,914–$6,006
4BR$6,610−6.5%$5,949–$7,271

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92108
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,200$3,410$4,120$5,460$6,610
FY 2026$3,340$3,590$4,380$5,840$7,070
FY 2025$3,000$3,260$4,030$5,390$6,560
FY 2024$2,870$3,130$3,950$5,330$6,470
FY 2023$2,520$2,770$3,530$4,820$5,870

Two-bedroom rent in nearby San Diego County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92108
92102$2,700−34.5%
92103$3,210−22.1%
92104$2,910−29.4%
92105$2,290−44.4%
92106$2,930−28.9%
92107$3,170−23.1%
92108Current$4,120—
92109$3,480−15.5%
92110$3,250−21.1%
92111$2,820−31.6%
92112$2,820−31.6%
92113$2,240−45.6%

Questions about ZIP 92108 rents

How much will Section 8 pay for a two-bedroom in ZIP 92108?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $4,120, that basic range is $3,708 to $4,532 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 92108 in?

ZIP 92108 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 92108 for FY 2027?

The two-bedroom FMR fell 5.9%, from $4,380 in FY 2026 to $4,120 in FY 2027. Since FY 2023 it has risen 16.7%.

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