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 | $390,867 | 0.68% | D |
| 2BR | $3,290 | $576,017 | 0.57% | F |
| 3BR | $4,170 | $882,779 | 0.47% | F |
| 4BR | $4,670 | $3,397,958 | 0.14% | F |
| 5BR | $5,417 | $5,309,954 | 0.1% | F |
U.S. Census Bureau data (2024)
2630 is the Fair Market Rent (FMR) for ZIP code 90020 in Los Angeles, CA, for fiscal year 2024. 1958 is the Zillow Observed Rent Index (ZORI), reflecting the average market rent in the area. Given the 91.0% renter share, it's clear that demand for rental properties is high. The median home value stands at 685860, indicating a robust housing market. However, the median income of 61184 suggests that many residents may struggle to afford market rents without assistance. With an N/A-day DOM (Days on Market), it appears that listings move quickly once they're posted. The 0.2% price-cut share reveals that property values are relatively stable, with few owners needing to reduce their asking prices. This combination of factors points to a strong potential for Section 8 tenants who can bridge the gap between the 1958 market rent and the 2630 FMR. Landlords and small-portfolio investors should consider the benefits of participating in the Section 8 program, which can provide steady, government-backed rental income in a competitive market.
Section 8 verdict: A solid opportunity for landlords in ZIP 90020, given the high renter share and strong demand for affordable housing.
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.