Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,150 |
| 1 Bedroom | $2,400 |
| 2 Bedrooms | $2,960 |
| 3 Bedrooms | $3,760 |
| 4 Bedrooms | $4,200 |
| 5 Bedrooms | $4,872 |
| 6 Bedrooms | $5,457 |
| 7 Bedrooms | $5,894 |
| 8 Bedrooms | $6,189 |
The Fair Market Rent (FMR) for a three-bedroom unit in ZIP 90052 for fiscal year 2024 is set at $2,540. This figure represents the government-defined rent limit for subsidized housing units, such as those under the Section 8 program. However, it does not directly reflect the market rent or home values, which were not specified in the provided data.
Regarding stability, specific figures for the percentage of renters, days on market (DOM), and income levels were not found in the recent search results. The lack of precise data makes it challenging to definitively assess the stability of the market. However, given the typical characteristics of urban ZIP codes in Los Angeles, we can infer that the market is likely to have moderate stability, influenced by factors such as employment rates and overall economic conditions of the area.
In conclusion, ZIP 90052 appears to offer a balanced opportunity for landlords and small-portfolio investors, neither being a high-yield/low-stability flip-style market nor a purely steady-cashflow zone. The exact nature of the market would benefit from further analysis of local rental trends and economic indicators.
Data Sources: FMR data from HUD (2027).
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.