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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,290 | $381,034 | 0.6% | D |
| 2BR | $2,820 | $589,160 | 0.48% | F |
| 3BR | $3,580 | $777,208 | 0.46% | F |
| 4BR | $4,000 | $986,185 | 0.41% | F |
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). 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.