Section 8 Fair Market Rent (FMR) for ZIP 90020 - 2027

Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

38,994

Median Household Income

$61,184

Housing Units

19,479

Renter Percentage

91.0%

Occupancy Rate

92.1%

Renter Occupied

16,335

Housing Authorities Serving ZIP 90020

Housing Authority of the City of Los Angeles (Los Angeles, CA) - 53,428 Section 8 vouchers
Los Angeles County Development Authority (Alhambra, CA) - 27,058 Section 8 vouchers
City of Long Beach Housing Authority (Long Beach, CA) - 7,862 Section 8 vouchers
Housing Authority of the City of Glendale (Glendale, CA) - 1,667 Section 8 vouchers
Housing Authority of the City of Santa Monica (Santa Monica, CA) - 1,536 Section 8 vouchers
City of Pasadena Housing Department (Pasadena, CA) - 1,525 Section 8 vouchers
Housing Authority of the City of Inglewood (Inglewood, CA) - 1,201 Section 8 vouchers
Housing Authority of the City of Pomona (Pomona, CA) - 1,119 Section 8 vouchers
Housing Authority of the City of Burbank (Burbank, CA) - 1,047 Section 8 vouchers
Housing Authority of the City of Baldwin Park (Baldwin Park, CA) - 913 Section 8 vouchers

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). 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.