Skip to main content
Loading page
San Diego County/San Diego/92115

92115

ZIPSAFMR
San Diego County, CA
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$2,060$1,930
1 BR$2,190$2,410
2 BR$2,650$2,840
3 BR$3,510$3,720
4 BR$4,250$4,680
5 BR$4,888Not available
6 BR$5,621Not available
7 BR$6,464Not available
8 BR$7,433Not available

Purchase Price Calculator

Maximum purchase price
$360,106

Cost breakdown

+Likely effective rent$2,840
HUD FMR$2,650
Market rent$2,940
Est. payment standard (107%)Used$2,840
-Principal and interest-$1,821
Loan amount$288,085
Down payment$72,021
Rate6.50%
Term30 years
-Operating costs-$819
Property taxes-$360
Insurance-$175
Utilities$0
HOA$0
Management-$284
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,210(62.8% ROI)
Projected value
$387,795
Return breakdown
Property appreciation+$27,689
Loan principal paid down+$10,321
Rental cash flow+$7,200
5-year hold
+$77,727(107.9% ROI)
Projected value
$407,427
Return breakdown
Property appreciation+$47,321
Loan principal paid down+$18,406
Rental cash flow+$12,000
10-year hold
+$168,718(234.3% ROI)
Projected value
$460,967
Return breakdown
Property appreciation+$100,860
Loan principal paid down+$43,858
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.07
1 BR
0.85
2 BR
0.90
3 BR
0.91
4 BR
0.80
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92115 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92115 (San Diego, CA) is $2,650 a month. That is down 6.0% from $2,820 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, 92115 has the 142nd-highest two-bedroom rent (county range $1,750–$4,230). The median county two-bedroom FMR in California is $1,725, so ZIP 92115 is 54% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92115
BedroomsFY 2027Change90–110% range
Studio$2,060−4.2%$1,854–$2,266
1BR$2,190−5.2%$1,971–$2,409
2BR$2,650−6.0%$2,385–$2,915
3BR$3,510−6.6%$3,159–$3,861
4BR$4,250−6.6%$3,825–$4,675

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92115
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,060$2,190$2,650$3,510$4,250
FY 2026$2,150$2,310$2,820$3,760$4,550
FY 2025$1,930$2,090$2,590$3,460$4,220
FY 2024$1,810$1,980$2,490$3,360$4,080
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. 92115
92109$3,480+31.3%
92110$3,250+22.6%
92111$2,820+6.4%
92112$2,820+6.4%
92113$2,240−15.5%
92114$2,420−8.7%
92115Current$2,650—
92116$2,860+7.9%
92117$2,810+6.0%
92118$4,230+59.6%
92119$2,940+10.9%
92120$3,110+17.4%

Questions about ZIP 92115 rents

How much will Section 8 pay for a two-bedroom in ZIP 92115?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,650, that basic range is $2,385 to $2,915 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 92115 in?

ZIP 92115 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 92115 for FY 2027?

The two-bedroom FMR fell 6.0%, from $2,820 in FY 2026 to $2,650 in FY 2027. Since FY 2023 it has risen 21.6%.

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