Section 8 Fair Market Rent (FMR) for ZIP 90212 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 90212

• Housing Authority of the City of Los Angeles (Los Angeles, CA) - 53,428 Section 8 vouchers
• Los Angeles County Development Authority (Alhambra, CA) - 27,058 Section 8 vouchers
• City of Long Beach Housing Authority (Long Beach, CA) - 7,862 Section 8 vouchers
• Housing Authority of the City of Glendale (Glendale, CA) - 1,667 Section 8 vouchers
• Housing Authority of the City of Santa Monica (Santa Monica, CA) - 1,536 Section 8 vouchers
• City of Pasadena Housing Department (Pasadena, CA) - 1,525 Section 8 vouchers
• Housing Authority of the City of Inglewood (Inglewood, CA) - 1,201 Section 8 vouchers
• Housing Authority of the City of Pomona (Pomona, CA) - 1,119 Section 8 vouchers
• Housing Authority of the City of Burbank (Burbank, CA) - 1,047 Section 8 vouchers
• Housing Authority of the City of Baldwin Park (Baldwin Park, CA) - 913 Section 8 vouchers

Beverly Hills, located in ZIP code 90212, is renowned for its luxurious lifestyle, high-end shopping, and celebrity residences. This exclusive neighborhood offers significant opportunities for real estate investment, particularly in rental properties. The following analysis provides key insights into the rental market dynamics based on the latest figures.

• The Fair Market Rent (FMR) for ZIP 90212 in fiscal year 2024 is set at $3720, indicating the government's benchmark for affordable housing in the area.
• The Zillow Observed Rent Index (ZORI), which reflects actual market rents, stands at $4,029, showing that the rental market is slightly above the FMR, suggesting strong demand for rental properties.
• The median home value in Beverly Hills is $2,425,219, positioning it among the most expensive residential markets in the country.
• Renters make up 78.9% of the population, a high figure that underscores the popularity of renting over owning in this affluent zip code.
• Unfortunately, the data does not provide a specific number of days on the market (DOM) for rentals, but given the high renter share and competitive market, it is likely that listings are snapped up quickly.
• The median household income in Beverly Hills is $118,019, which is well above the national average, supporting a robust rental market where tenants can afford higher rents.

Given the high median home values and median incomes, combined with a substantial renter share, Beverly Hills presents a favorable environment for rental investments. Despite the absence of specific days on the market data, the disparity between the FMR and ZORI suggests a thriving rental market with potential for steady cash flow and attractive returns. Landlords and small-portfolio investors should capitalize on these conditions to secure profitable placements in this upscale zip code.

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.