Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,800 |
| 1 Bedroom | $3,140 |
| 2 Bedrooms | $3,910 |
| 3 Bedrooms | $4,960 |
| 4 Bedrooms | $5,540 |
| 5 Bedrooms | $6,426 |
| 6 Bedrooms | $7,197 |
| 7 Bedrooms | $7,773 |
| 8 Bedrooms | $8,162 |
U.S. Census Bureau data (2024)
ZIP code 90263 has a population of 1,856 residents. The data indicates that the percentage of renters and median household income is currently unavailable. However, the lack of this information does not diminish the importance of understanding the dynamics of the housing market within this ZIP code.
The absence of specific renter percentages suggests that it may not be a predominantly rental market, but without concrete figures, it's difficult to determine the exact weight of rental versus owner-occupied properties. Nonetheless, the demand for Section 8 vouchers can still be significant even in areas with lower renter populations.
Market rents in ZIP 90263 are also unreported at this time, making it challenging to assess the typical rent as a percentage of local income. However, we can compare the available information against the Fair Market Rent (FMR) for the area, which stands at $3,810 for fiscal year 2024. This figure represents the average rent for a standard two-bedroom apartment, set by the U.S. Department of Housing and Urban Development (HUD).
A landlord in ZIP 90263 should anticipate a tenant pool that relies on Section 8 vouchers. These tenants will have their rent subsidized up to the FMR level, meaning landlords can expect to receive payments close to $3,810 per month for a two-bedroom unit, provided the property meets the program's quality standards. It's important to note that the voucher amount is tied to the FMR and can cover a substantial portion of the rent.
Given the unavailability of specific income levels and market rents, landlords should focus on maintaining properties that meet HUD’s requirements to ensure they qualify for the Section 8 program. This includes adhering to health and safety standards and possibly offering units that are competitively priced within the voucher limits to attract tenants.
The typical tenant profile in ZIP 90263 will likely include families who benefit from the Section 8 program due to lower income levels. Landlords should prepare for a tenant pool that requires the support of housing assistance to afford living in this area. By aligning their expectations and practices with the realities of the Section 8 program, landlords can effectively manage their properties and serve this community well.
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.