Section 8 Fair Market Rent (FMR) for ZIP 90209 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 90209 in fiscal year 2024 is set at $2540. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) to determine the maximum amount of rental assistance that can be provided to tenants under the Section 8 program. It's important to note that this is not the rent you will charge your tenant; it is the ceiling on the amount HUD will pay.

In ZIP 90209, the local median rent is currently listed as N/A, which makes direct comparison challenging. However, the FMR is often higher than the median rent in many areas, indicating that the Section 8 program aims to cover a broader range of housing options.

The percentage of renters in the area is N/A%, suggesting a significant portion of the population relies on rental housing. This high demand for rentals can be an indicator of strong interest in Section 8 properties, as many tenants seek stable housing through government assistance programs.

The average home value in ZIP 90209 is N/A, which gives insight into the typical acquisition costs for property owners. While this doesn't directly affect rental pricing, it does influence the overall investment landscape and can impact the return on investment for landlords.

Before committing to a Section 8 rental property, ensure that your unit meets all the required quality standards known as Housing Quality Standards (HQS). These standards cover safety, health, and structural issues and are essential for approval under the program. Failure to meet these criteria can result in non-payment or eviction of the tenant by the housing authority.

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.