Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,050 |
| 1 Bedroom | $2,290 |
| 2 Bedrooms | $2,820 |
| 3 Bedrooms | $3,580 |
| 4 Bedrooms | $4,000 |
| 5 Bedrooms | $4,640 |
| 6 Bedrooms | $5,197 |
| 7 Bedrooms | $5,613 |
| 8 Bedrooms | $5,894 |
U.S. Census Bureau data (2024)
ZIP code 90301, located in Inglewood, California, is predominantly a renter-heavy area. With a population of 36,060, 72.0% of residents are renters, indicating a strong demand for rental properties. This high percentage of renters suggests that there is also likely to be a significant number of Section 8 voucher holders seeking housing in the area.
The median household income in Inglewood is $65,806, which provides a basis for understanding the financial capabilities of potential tenants. The average market rent for the area is $2,492, which represents approximately 46.1% of the median household income when calculated on an annual basis. This percentage indicates that rent is a substantial portion of income for many residents, making affordable housing options like those supported by Section 8 vouchers highly sought after.
Comparing the market rent to the Fair Market Rent (FMR), which is set at $2,290 for FY 2024, it's evident that the actual market rent exceeds the FMR by about $202 per month. This discrepancy means that landlords may need to adjust their expectations regarding rental income if they plan to accept Section 8 vouchers, as the FMR is the benchmark used to determine the maximum amount that can be charged to voucher holders.
A landlord in Inglewood should anticipate a tenant profile that includes a significant number of individuals and families who rely on Section 8 vouchers to cover their housing costs. These tenants will likely have a range of incomes, but the majority will fall below the median income level. It's important for landlords to understand the administrative requirements associated with accepting Section 8 vouchers, including regular inspections and rent certifications, to ensure compliance and maintain the quality of their properties.
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.