Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,820 |
| 1 Bedroom | $3,150 |
| 2 Bedrooms | $3,890 |
| 3 Bedrooms | $4,940 |
| 4 Bedrooms | $5,520 |
| 5 Bedrooms | $6,403 |
| 6 Bedrooms | $7,171 |
| 7 Bedrooms | $7,745 |
| 8 Bedrooms | $8,132 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,890 | $886,299 | 0.44% | F |
| 3BR | $4,940 | $1,147,798 | 0.43% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 90010 in Los Angeles, California, for fiscal year 2024 is set at $3,420. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the rent you will receive; rather, it is the benchmark used to determine the rent subsidy paid by the Housing Choice Voucher program.
In ZIP 90010, the typical market rent for a property is around $3,065, according to the Zillow Rent Index (ZORI). This means that the FMR is slightly higher than the average market rent, which could be beneficial if your property meets the quality standards required by the program.
The demand for rentals in this area is strong, with 80.8% of residents being renters. This high percentage indicates a robust market for rental properties, including those participating in the Section 8 program. Given the strong rental demand, your property is likely to attract tenants quickly once it's listed.
To acquire a property in ZIP 90010, you would need approximately $966,976, based on the median home value in the area. This is the price point you should consider when looking to purchase a property for your first Section 8 rental.
Before you decide to participate in the Section 8 program with your property, ensure that your unit meets all the necessary inspection criteria. The Housing Authority conducts thorough inspections to ensure that the property is safe, decent, and sanitary. This verification step is crucial because failing the inspection could delay your participation in the program and reduce potential income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.