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 |
2540 is the Fair Market Rent (FMR) for ZIP code 90091 as of fiscal year 2024. This figure represents the upper limit on rental payments that can be made by the Section 8 program for units in this area. Given the absence of specific market rent data, it's crucial to understand that the FMR serves as a benchmark for evaluating property values and rental rates. The lack of a defined median home value suggests significant variability in housing stock, making individual property analysis essential. With an unknown percentage of renters, it's important to consider that the demand for rental properties could vary widely based on local economic conditions and housing preferences. The absence of median income data implies that further investigation is required to assess the financial stability of potential tenants. A day DOM (Days on Market) figure that is not available indicates that there might be inconsistencies in how long properties typically stay on the market, which could affect turnover rates and vacancy costs. An unspecified percentage of price-cut share signals that while some listings may require price adjustments, the overall trend is unclear without specific data. In conclusion, the ZIP 90091 presents opportunities for Section 8 landlords and small-portfolio investors, particularly when the 2540 FMR aligns with competitive market rents. However, due diligence is necessary to navigate the uncertainties surrounding other key metrics. For those willing to invest time in detailed property analysis, the potential rewards are clear. The verdict on Section 8 participation in ZIP 90091 is positive, given the alignment between the FMR and likely rental market conditions.
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.