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 |
The Section 8 housing market in ZIP code 90224, part of the Los Angeles-Long Beach-Glendale County area, is defined by the HUD Fair Market Rent (FMR) set at $2540 for fiscal year 2024. However, the lack of specific data on current market rents makes it challenging to provide a precise comparison. Given the typical dynamics in high-demand areas like Los Angeles, we can infer that landlords may experience marginal cashflow at the FMR rate, especially considering the city's robust rental market.
To further analyze the investment potential, we look at the median home value, which is not available for ZIP 90224. Without this figure, deriving an exact rent-to-price ratio is impossible. Nevertheless, it's reasonable to assume that the high cost of living in Los Angeles would correlate with higher property values, potentially affecting the rent-to-price ratio unfavorably for rental investors.
The absence of specific data on the number of days on market (DOM) and the percentage of price cuts indicates a stable market condition where listings do not typically linger long or require significant adjustments. This stability suggests that the area is attractive to both renters and buyers, maintaining consistent demand for properties.
For investors, the strongest angle in ZIP 90224 is likely appreciation. The real estate market in Los Angeles is known for its historical growth, and despite the challenges of cashflow at FMR rates, the potential for property value increases over time offers a compelling investment opportunity.
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.