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 | $2,790 |
| 1 Bedroom | $3,120 |
| 2 Bedrooms | $3,850 |
| 3 Bedrooms | $4,880 |
| 4 Bedrooms | $5,470 |
| 5 Bedrooms | $6,345 |
| 6 Bedrooms | $7,106 |
| 7 Bedrooms | $7,674 |
| 8 Bedrooms | $8,058 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,120 | $588,572 | 0.53% | F |
| 2BR | $3,850 | $1,113,826 | 0.35% | F |
| 3BR | $4,880 | $1,742,009 | 0.28% | F |
| 4BR | $5,470 | $2,331,795 | 0.23% | F |
| 5BR | $6,345 | $2,944,810 | 0.22% | F |
U.S. Census Bureau data (2024)
The ZIP code 90068 in Los Angeles, CA, stands out due to its unique demographic and economic characteristics. With a population of 21,572 residents, it has a significant rental market share at 56.1%, indicating a substantial demand for housing. The median income in this area is $101,630, which is notably higher than the national average, reflecting a relatively affluent community. However, the median home value of $1,653,207 is exceptionally high, suggesting that homeownership is largely out of reach for many residents.
In terms of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 90068 for fiscal year 2024 is set at $3,280. This figure is slightly below the market rent, as indicated by the Zillow Observed Rent Index (ZORI), which stands at $3,338. Despite the slight disparity between the FMR and the market rent, the availability of Section 8 vouchers can still provide a viable option for tenants seeking affordable housing. Landlords should be aware that while the voucher amount is lower than the market rate, they can negotiate additional payments directly with tenants to make up the difference.
The data signature for ZIP 90068 suggests a stable environment. The high median income and substantial rental market indicate a steady demand for rental properties, making it an attractive location for landlords and small-portfolio investors. The high median home value also implies a strong local economy, which supports the overall stability of the area. For those interested in leveraging Section 8 vouchers, the slight gap between the FMR and market rent provides a manageable scenario for maintaining profitability while offering affordable housing options to eligible tenants.
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.