Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $3,210 |
| 1 Bedroom | $3,590 |
| 2 Bedrooms | $4,420 |
| 3 Bedrooms | $5,610 |
| 4 Bedrooms | $6,280 |
| 5 Bedrooms | $7,285 |
| 6 Bedrooms | $8,159 |
| 7 Bedrooms | $8,812 |
| 8 Bedrooms | $9,253 |
U.S. Census Bureau data (2024)
ZIP 90073, located within the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area, serves as a cash-flow anchor for a Section 8 portfolio strategy. The Family Monthly Rent (FMR) for ZIP 90073 in fiscal year 2024 is set at $3810. This figure is crucial because it represents the maximum amount that the federal government will subsidize for rental units under the Section 8 Housing Choice Voucher program.
Despite the lack of specific market data such as median home values or price-cut shares, the high FMR suggests a robust cash flow potential for landlords who participate in the program. In areas where the cost of living is high, like ZIP 90073, the government's willingness to pay up to $3810 ensures steady and reliable income. Landlords can expect consistent rent payments without the risk of vacancy, as the demand for affordable housing in this area is likely strong.
The absence of market-specific data on median home values and days on market (DOM) does not detract from the utility of ZIP 90073 as a cash-flow anchor. Instead, the focus should be on the stability and predictability of cash flows, which are key benefits of having properties in this ZIP code under Section 8. With the FMR being a significant figure, landlords can leverage this to maintain a steady stream of income, especially in an environment where other market factors might fluctuate.
The high renter share of 100.0% indicates that there are no homeowners in this particular dataset, suggesting that all residents are renters. This makes the area particularly suitable for a Section 8 portfolio strategy, as the entire population is potentially eligible for the voucher program. The uniformity of rental occupancy reduces the complexity of managing a mixed-use property portfolio and simplifies tenant screening processes.
In conclusion, ZIP 90073 is best positioned as a cash-flow anchor within a Section 8 portfolio strategy due to its high FMR and the fact that it is entirely composed of renters. These characteristics ensure a stable and predictable income source for landlords, making it a valuable component of any investment strategy focused on long-term financial security and reliability.
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.