92140

ZIPSAFMR

San Diego County, CA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$2,970	$2,220	4.9%
1 BR	$3,160	$2,970	4.1%
2 BR	$3,820	$3,640	2.7%
3 BR	$5,070	$5,060	2.2%
4 BR	$6,130	$6,310	2.0%
5 BR	$7,049	Not available	2.0%
6 BR	$8,107	Not available	2.0%
7 BR	$9,323	Not available	2.0%
8 BR	$10,721	Not available	2.0%

Purchase Price Calculator

Maximum purchase price

$478,986

Cost breakdown

+Likely effective rent$3,640

HUD FMR$3,820

Market rentUsed$3,640

Est. payment standard (97%)$3,700

-Principal and interest-$2,422

Loan amount$383,189

Down payment$95,797

Rate6.50%

Term30 years

-Operating costs-$1,018

Property taxes-$479

Insurance-$175

Utilities$0

HOA$0

Management-$364

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$57,758(60.3% ROI)

Projected value

$515,816

Return breakdown

Property appreciation+$36,830

Loan principal paid down+$13,729

Rental cash flow+$7,200

5-year hold

+$99,425(103.8% ROI)

Projected value

$541,929

Return breakdown

Property appreciation+$62,943

Loan principal paid down+$24,482

Rental cash flow+$12,000

10-year hold

+$216,493(226.0% ROI)

Projected value

$613,143

Return breakdown

Property appreciation+$134,157

Loan principal paid down+$58,336

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.34ratio

FMR$2,970

Market$2,220

vs market+$750

FMR is above market; underwrite to market rent.

1.34

1 BR

1.06ratio

FMR$3,160

Market$2,970

vs market+$190

FMR is near market; voucher and private rents are aligned.

1.06

2 BR

1.05ratio

FMR$3,820

Market$3,640

vs market+$180

FMR is near market; voucher and private rents are aligned.

1.05

3 BR

1.00ratio

FMR$5,070

Market$5,060

vs market+$10

FMR is near market; voucher and private rents are aligned.

1.00

4 BR

0.96ratio

FMR$6,130

Market$6,400

vs market-$270

FMR is near market; voucher and private rents are aligned.

0.96

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 92140 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92140 (San Diego, CA) is $3,820 a month. That is down 5.4% from $4,040 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, 92140 has the 14th-highest two-bedroom rent (county range $1,750–$4,230). The median county two-bedroom FMR in California is $1,725, so ZIP 92140 is 121% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92140
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$3,080	$2,970	−3.6%	$2,673–$3,267
1BR	$3,310	$3,160	−4.5%	$2,844–$3,476
2BR	$4,040	$3,820	−5.4%	$3,438–$4,202
3BR	$5,380	$5,070	−5.8%	$4,563–$5,577
4BR	$6,520	$6,130	−6.0%	$5,517–$6,743

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92140
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$2,970	$3,160	$3,820	$5,070	$6,130
FY 2026	$3,080	$3,310	$4,040	$5,380	$6,520
FY 2025	$2,830	$3,080	$3,810	$5,090	$6,200
FY 2024	$2,570	$2,800	$3,530	$4,750	$5,770
FY 2023	$2,240	$2,460	$3,130	$4,280	$5,200

Two-bedroom rent in nearby San Diego County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 92140
92132	$2,820	−26.2%
92134	$3,990	+4.5%
92135	$4,230	+10.7%
92136	$2,230	−41.6%
92137	$2,820	−26.2%
92138	$2,820	−26.2%
92139	$2,730	−28.5%
92140Current	$3,820	—
92142	$2,820	−26.2%
92143	$2,820	−26.2%
92145	$3,410	−10.7%
92147	$3,410	−10.7%

Questions about ZIP 92140 rents

How much will Section 8 pay for a two-bedroom in ZIP 92140?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,820, that basic range is $3,438 to $4,202 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 92140 in?

ZIP 92140 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 92140 for FY 2027?

The two-bedroom FMR fell 5.4%, from $4,040 in FY 2026 to $3,820 in FY 2027. Since FY 2023 it has risen 22.0%.

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 rent San Diego, CA fair market rent CA statewide rents What is SAFMR?Data sources