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 | $2,740 |
| 1 Bedroom | $3,060 |
| 2 Bedrooms | $3,780 |
| 3 Bedrooms | $4,800 |
| 4 Bedrooms | $5,370 |
| 5 Bedrooms | $6,229 |
| 6 Bedrooms | $6,976 |
| 7 Bedrooms | $7,534 |
| 8 Bedrooms | $7,911 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,060 | $554,862 | 0.55% | F |
| 2BR | $3,780 | $767,409 | 0.49% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 90017 in Los Angeles, California, for fiscal year 2024 is set at $2,510. This figure represents the payment standard for Section 8 housing vouchers in your area, meaning it's the maximum amount the government will pay to cover a tenant's rent. However, this does not necessarily reflect the actual rent you can charge.
To put this into context, the Zillow Observed Rent Index (ZORI) for ZIP 90017 currently stands at $2,633. This is the average rent price for properties in your area based on recent rental transactions. The fact that the ZORI is higher than the FMR suggests that landlords might have to accept a lower rent than market rates if they want to participate in the Section 8 program.
The 94.3% share of renters indicates a strong demand for rental properties in your area. This high percentage means that nearly all households in ZIP 90017 are likely to be renters, which could translate into a steady stream of potential tenants interested in Section 8 housing.
If you're considering purchasing a property to use as a Section 8 rental, the median home value of $590,505 should be noted. This is the typical price you would expect to pay for a home in ZIP 90017, and it's important to factor this into your investment calculations along with the expected monthly income from the voucher program.
Before you proceed, it's crucial to verify the condition of the property you're interested in. The Section 8 program requires that rental units meet certain housing quality standards. Ensure that the property is up to code and can pass an inspection, as failing to meet these standards can result in penalties and loss of rental income.
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.