Section 8 Fair Market Rent (FMR) for ZIP 90305 - 2027

Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area

Investment Score for ZIP 90305

Monthly Rent (2BR)

$2,920

Median Price (2BR)

$720,577

1% Rule

0.41%

Annual Yield

4.86%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,120
1 Bedroom	$2,370
2 Bedrooms	$2,920
3 Bedrooms	$3,700
4 Bedrooms	$4,150
5 Bedrooms	$4,814
6 Bedrooms	$5,392
7 Bedrooms	$5,823
8 Bedrooms	$6,114

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$2,920	$720,577	0.41%	F
3BR	$3,700	$839,637	0.44%	F
4BR	$4,150	$950,882	0.44%	F
5BR	$4,814	$1,096,664	0.44%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

14,708

Median Household Income

$92,665

Housing Units

6,755

Renter Percentage

39.1%

Occupancy Rate

90.8%

Renter Occupied

2,400

Inglewood, California, represented by ZIP code 90305, is a vibrant urban area that has seen significant development in recent years, particularly with the addition of the SoFi Stadium, which hosts the NFL's Los Angeles Rams and Chargers. This growth has led to increased interest in the local real estate market, making it an attractive investment opportunity for both landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in Inglewood for fiscal year 2024 is set at $2,650.
The Zillow Observed Rental Index (ZORI), which reflects the average rental price of homes in the area, stands at $2,891.
The median home value in Inglewood is $829,110, indicating a robust housing market.
Renters make up 39.1% of the population, suggesting a substantial demand for rental properties.
The median household income in the area is $92,665, providing a strong financial base for potential tenants.

The data points above paint a picture of a thriving real estate market in Inglewood, where rental properties can command competitive rates. The FMR and ZORI figures suggest that rental prices are slightly below market averages but still offer solid returns. With a median home value of over $829,000 and a median income of nearly $93,000, there is a clear indication of economic stability and growth potential. Additionally, the high renter share of the population ensures a steady demand for rental units, making Inglewood a favorable location for those looking to invest in the rental market.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.