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 | $2,320 |
| 1 Bedroom | $2,590 |
| 2 Bedrooms | $3,190 |
| 3 Bedrooms | $4,050 |
| 4 Bedrooms | $4,530 |
| 5 Bedrooms | $5,255 |
| 6 Bedrooms | $5,886 |
| 7 Bedrooms | $6,357 |
| 8 Bedrooms | $6,675 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,590 | $623,653 | 0.42% | F |
| 2BR | $3,190 | $802,906 | 0.4% | F |
| 3BR | $4,050 | $1,156,586 | 0.35% | F |
U.S. Census Bureau data (2024)
ZIP code 90028, located in Los Angeles, CA, falls within the broader Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 90028 is set at $2760 for fiscal year 2024, which is above the typical market rent of $2,594 observed in other ZIP codes within this area. This indicates that 90028 is positioned slightly higher in terms of rental costs compared to the average ZIP code in the metro area.
The median home value in 90028 stands at $860,798, which aligns closely with the overall median home values found in the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. This suggests that 90028 is neither a value pocket nor a premium sub-market when it comes to property values, but rather a mid-tier neighborhood in terms of housing costs.
A notable feature of 90028 is its high renter share of 96.6%, significantly exceeding the average for the metro area. High renter shares can be indicative of a strong demand for rental properties, making it a potentially attractive area for landlords and small-portfolio investors. However, despite the high renter share, the home values in 90028 do not reflect a discount compared to the metro average, which means it does not fit the profile of a Section 8 sweet spot based on divergent home values.
In summary, ZIP 90028 represents a mid-tier neighborhood within the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area, characterized by slightly elevated rental costs and a high demand for rentals. While it may offer opportunities for landlords due to the high renter share, it lacks the lower home values typically associated with a Section 8 sweet spot. Therefore, landlords and investors should consider the robust rental market and the higher-than-average FMR when evaluating investment potential in this ZIP code.
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.