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 | $2,390 |
| 1 Bedroom | $2,670 |
| 2 Bedrooms | $3,290 |
| 3 Bedrooms | $4,170 |
| 4 Bedrooms | $4,670 |
| 5 Bedrooms | $5,417 |
| 6 Bedrooms | $6,067 |
| 7 Bedrooms | $6,552 |
| 8 Bedrooms | $6,880 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,670 | $516,179 | 0.52% | F |
| 2BR | $3,290 | $743,020 | 0.44% | F |
U.S. Census Bureau data (2024)
ZIP code 90013 in Los Angeles, CA, is predominantly a renter-heavy area with 92.2% of residents renting their homes. This high percentage indicates a robust demand for rental properties, particularly those that accept Section 8 vouchers. The population of 14,357 residents further supports a substantial tenant pool.
The median household income in this ZIP is $36,948, which is notably lower than the market rent of $2,927 per month. To put this into perspective, the typical rent consumes approximately 79.2% of the monthly income when considering 1/12th of the annual median income. This calculation shows that rent is a significant portion of the average resident's budget, making affordable housing options like Section 8 vouchers highly desirable.
The Fair Market Rent (FMR) for ZIP 90013, set at $2,920 for fiscal year 2024, closely aligns with the market rent. This suggests that landlords who participate in the Section 8 program can expect to receive rents that are competitive with the broader market, while still providing affordable housing solutions to tenants.
In summary, ZIP 90013 is an ideal location for landlords and small-portfolio investors looking to attract Section 8 tenants. The expected tenant profile includes individuals and families who rely on government assistance to meet their housing needs due to the high cost of living relative to income levels. Landlords should prepare for a steady influx of applications from low-income households seeking affordable housing options.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.