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 classification of ZIP 90308 (Inglewood, CA) on the yield and stability axes requires specific data points. For yield, the Fair Market Rent (FMR) for ZIP 90308 for fiscal year 2024 is set at $2,540. However, market rent and home value figures are currently unavailable, which makes it difficult to assess the potential profit margins directly.
Regarding stability, the median household income in ZIP 90308 is $62,991. Unfortunately, specific percentages for renters and days on market (DOM) are not available. This lack of detail complicates a precise analysis of the rental market's stability.
Given the limited data, ZIP 90308 appears to be a moderate investment opportunity. The high FMR suggests that it can offer decent cash flow for landlords and small-portfolio investors. However, without market rent and home value data, it's challenging to determine if there's an opportunity for higher yields through flipping properties.
The median household income provides some insight into the economic stability of the area but does not alone indicate whether the market is stable or volatile. To make a more informed decision, additional metrics such as the percentage of residents who are renters and typical DOM would be beneficial. Until these details are available, ZIP 90308 can be considered a steady-cashflow zone, given the high FMR, but with a caveat that the overall stability cannot be fully assessed due to missing data points.
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.