Section 8 Fair Market Rent (FMR) for ZIP 90230 - 2027

Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area

Investment Score for ZIP 90230

Monthly Rent (2BR)

$3,890

Median Price (2BR)

$679,347

1% Rule

0.57%

Annual Yield

6.87%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,820
1 Bedroom	$3,150
2 Bedrooms	$3,890
3 Bedrooms	$4,940
4 Bedrooms	$5,520
5 Bedrooms	$6,403
6 Bedrooms	$7,171
7 Bedrooms	$7,745
8 Bedrooms	$8,132

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$3,150	$479,084	0.66%	D
2BR	$3,890	$679,347	0.57%	F
3BR	$4,940	$1,331,977	0.37%	F
4BR	$5,520	$1,727,611	0.32%	F
5BR	$6,403	$2,039,612	0.31%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

31,009

Median Household Income

$107,109

Housing Units

14,071

Renter Percentage

42.8%

Occupancy Rate

93.6%

Renter Occupied

5,642

Culver City, encapsulated within ZIP code 90230, stands as a vibrant urban center in Los Angeles County, California. Known for its proximity to Hollywood and Silicon Beach, it attracts a diverse population including young professionals, families, and tech workers. The area's appeal is reflected in its housing market, which offers a mix of rental properties and homeownership opportunities.

The Fair Market Rent (FMR) for ZIP 90230 is set at $3260 per month for fiscal year 2024, indicating the government's benchmark for affordable housing.
The actual market rent, measured by Zillow's ZORI index, is slightly lower at $2,921 per month, suggesting a competitive rental market.
The median home value in the area is $1,096,295, reflecting a robust real estate market with significant equity potential for homeowners.
Renters make up 42.8% of Culver City's households, underscoring the importance of rental properties in the local economy.
The median household income is $107,109, providing insight into the financial stability and purchasing power of the residents.

Analyzing these data points, it's evident that Culver City presents a balanced investment opportunity. The discrepancy between the FMR and the ZORI suggests a market where rental properties can be priced competitively while still offering attractive returns. The high median home value indicates strong appreciation potential for those considering homeownership investments. With nearly half of the households renting, there remains a consistent demand for rental properties. Coupled with the above-average median income, this suggests a reliable tenant base capable of sustaining higher rents. Overall, Culver City offers a stable and potentially lucrative real estate market for both rental and ownership investments.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.