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 Fair Market Rent (FMR) for ZIP 90294 in fiscal year 2024 is $2,540. However, there is no specific data available regarding the market rent or median home value for this ZIP code. To provide a complete analysis, we would need these figures to compare against the FMR.
Regarding stability, the search did not provide specific percentages of renters or days on market (DOM) for ZIP 90294. Additionally, there was no income data available for this ZIP code. Without these key metrics, it is challenging to assess the stability of the rental market in 90294.
Given the lack of comprehensive data, we cannot definitively classify ZIP 90294 as either a high-yield/low-stability flip-style market or a steady-cashflow zone. The FMR of $2,540 suggests a potentially high rental yield, but without comparative market rent figures, it is impossible to confirm this hypothesis. Similarly, the absence of DOM and income data makes it difficult to evaluate the stability of the market.
To make an informed decision, landlords and small-portfolio investors should seek out detailed market reports that include the missing data points. These reports can offer insights into the current rental trends, median home values, and economic conditions of Venice, CA.
In conclusion, while the FMR indicates a potentially lucrative rental market, the incomplete data means that ZIP 90294 could be a high-yield/low-stability market or a steady-cashflow zone. More specific data is required to accurately classify the market and guide investment decisions.
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.