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 | $3,130 |
| 1 Bedroom | $3,500 |
| 2 Bedrooms | $4,310 |
| 3 Bedrooms | $5,480 |
| 4 Bedrooms | $6,130 |
| 5 Bedrooms | $7,111 |
| 6 Bedrooms | $7,964 |
| 7 Bedrooms | $8,601 |
| 8 Bedrooms | $9,031 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,500 | $642,874 | 0.54% | F |
| 2BR | $4,310 | $1,511,717 | 0.29% | F |
| 3BR | $5,480 | $2,959,820 | 0.19% | F |
U.S. Census Bureau data (2024)
The ZIP code 90067 in Los Angeles, CA, has a population of 3,875 residents, with 34.6% being renters. This indicates that while it is not overwhelmingly dominated by renters, there is still a significant portion of the population that relies on rental housing. The median household income in this area is notably high at $195,433, which contrasts sharply with the typical market rent of $9,404 per month.
To put this into perspective, the average monthly rent consumes approximately 12% of the median household income. This figure is derived from dividing the monthly rent by the annual income ($9,404 / 12 months = $112,848; $112,848 / $195,433 * 100 = 12%). Given the Federal Market Rent (FMR) for FY 2024 is set at $3,820, it's clear that the market rent in ZIP 90067 is significantly higher than the FMR, suggesting that traditional Section 8 vouchers may not cover the full cost of renting in this area.
The discrepancy between the FMR and the actual market rent highlights a challenge for landlords who might be considering accepting Section 8 tenants. While there is demand for rental properties, the financial viability of accepting Section 8 vouchers could be limited due to the high rent prices relative to the FMR. Landlords would need to consider the potential shortfall when deciding whether to accept these vouchers.
A landlord in ZIP 90067 should expect tenants who are likely to be part of households with relatively high incomes, possibly including professionals, small business owners, or individuals with access to additional financial resources beyond their primary income. These tenants might use a combination of Section 8 vouchers and personal funds to meet the higher market rents, or they could be seeking alternative subsidy programs that offer higher payment standards.
In summary, ZIP 90067 is a mixed housing market with a notable renter presence but also a substantial homeowner community. The high median income and even higher market rents suggest that while Section 8 vouchers exist, they alone may not suffice to cover the costs of renting in this area without supplementary income or additional subsidies. Landlords must carefully evaluate the financial implications of accepting Section 8 tenants given the local economic conditions.
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.