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 | $3,230 |
| 1 Bedroom | $3,610 |
| 2 Bedrooms | $4,450 |
| 3 Bedrooms | $5,650 |
| 4 Bedrooms | $6,320 |
| 5 Bedrooms | $7,331 |
| 6 Bedrooms | $8,211 |
| 7 Bedrooms | $8,868 |
| 8 Bedrooms | $9,311 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,610 | $587,040 | 0.61% | D |
| 2BR | $4,450 | $1,315,636 | 0.34% | F |
| 3BR | $5,650 | $2,327,626 | 0.24% | F |
| 4BR | $6,320 | $3,257,467 | 0.19% | F |
| 5BR | $7,331 | $5,147,088 | 0.14% | F |
U.S. Census Bureau data (2024)
The market in ZIP 90272, located in Los Angeles, CA, exhibits a dynamic equilibrium between supply and demand. With a Fair Market Rent (FMR) set at $3820 for the fiscal year 2024, the actual market rent, measured by Zillow's ZORI index, stands significantly higher at $9,370. This discrepancy suggests that the local rental market is robust, indicating strong demand that exceeds the subsidized rental market.
The low price-cut share of 0.1% and a relatively short days on market (DOM) of 42 days point towards a competitive environment where homes sell quickly without substantial discounts. The median home value in the area is $2,999,028, reflecting the high cost of homeownership in this part of Los Angeles.
A key indicator of long-term housing pressure is the 20.1% renter share. This percentage implies that a significant portion of the population in ZIP 90272 relies on renting, which can create sustained upward pressure on rents as the demand for rental properties remains high. In markets where a larger share of residents are renters, there tends to be less flexibility in housing options, leading to tighter rental markets and potentially higher rental prices over time.
In summary, ZIP 90272 presents a scenario where demand appears to be keeping pace with or slightly exceeding supply, especially in the rental sector. The high market rent relative to the FMR, quick sales in the housing market, and a notable renter share all contribute to an understanding of the market as one in constant motion, driven by strong consumer interest and limited availability of affordable housing options.
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.