Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,760 |
| 1 Bedroom | $1,960 |
| 2 Bedrooms | $2,420 |
| 3 Bedrooms | $3,070 |
| 4 Bedrooms | $3,440 |
| 5 Bedrooms | $3,990 |
| 6 Bedrooms | $4,469 |
| 7 Bedrooms | $4,827 |
| 8 Bedrooms | $5,068 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,960 | $520,775 | 0.38% | F |
| 2BR | $2,420 | $601,619 | 0.4% | F |
| 3BR | $3,070 | $671,698 | 0.46% | F |
| 4BR | $3,440 | $731,193 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 90270, located in Maywood, CA, presents a dynamic rental market with clear implications for housing pressure and investment opportunities. The Fair Market Rent (FMR) for the area is set at $2000 for fiscal year 2024, indicating a benchmark that landlords should aim to meet or slightly exceed to remain competitive. However, the actual market rent, according to the Census ACS data, stands at $1,523, suggesting a gap between the potential rent and what tenants are currently paying.
This discrepancy between FMR and market rent points towards a scenario where supply may be outpacing demand, at least in terms of rental pricing. Landlords could consider adjusting their rents closer to the FMR to maximize income, but they must also be mindful of the local economy and tenant affordability. The median home value of $652,541 further underscores the divide between rental and homeownership markets, highlighting the significant financial barrier to owning property in the area.
The 69.4% renter share reveals a substantial portion of the population that relies on rentals, which can indicate ongoing housing pressure. This high percentage suggests a continuous need for rental properties, as many residents are unable or unwilling to purchase homes due to high costs or other factors. For small-portfolio investors, this represents a stable tenant base and the potential for steady rental income, assuming they can position their properties competitively within the market.
While specific metrics such as price-cut share and days on market (DOM) are not available, the overall snapshot of the market suggests an environment where landlords and investors must stay informed about local economic conditions and tenant preferences. Adjusting to these dynamics will be key to maintaining occupancy rates and optimizing returns on investment.
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.