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 economics of Section 8 housing in ZIP code 90310, which is part of the Los Angeles-Long Beach-Glendale County area, are defined by the Specific Area Fair Market Rent (SAFMR) for a two-bedroom apartment, set at $2540 per month for fiscal year 2024. This SAFMR is specifically tailored to this ZIP code, reflecting the unique cost of living here.
To understand what a landlord can expect from a Section 8 voucher, it's essential to break down the components of the payment structure. The voucher program pays a significant portion of the rent, but the landlord must also account for the tenant's contribution and utility allowances.
A landlord will receive a payment from the Housing Authority that covers the difference between the tenant's portion and the SAFMR. For ZIP 90310, the tenant is required to pay 30% of their adjusted income towards rent. If the tenant's monthly adjusted income is $2000, they would contribute $600 towards the rent. The remaining amount up to the SAFMR of $2540 is covered by the Housing Authority.
In addition to the base rent, there are utility allowances that vary depending on the type of unit and its location. These allowances are designed to cover the average cost of utilities for a given area and are paid directly to the landlord as part of the voucher reimbursement. However, the exact utility allowance for ZIP 90310 is not provided, so we'll focus on the base rent calculation.
The reimbursement gap or surplus in ZIP 90310 depends on the actual market rent for two-bedroom apartments, which is currently unavailable. If the local market rent were higher than the SAFMR, landlords would face a reimbursement gap, meaning they would receive less than the market rate. Conversely, if the market rent were lower than the SAFMR, landlords would see a surplus, receiving more than the typical market rate.
Given the SAFMR of $2540 and assuming a tenant with an adjusted income of $2000, the Housing Authority would pay the landlord $1940 ($2540 - $600). This calculation does not include the utility allowances, which would add to the total reimbursement.
To summarize, landlords in ZIP 90310 can expect to be reimbursed up to $2540 for a two-bedroom apartment, with the tenant paying 30% of their adjusted income. The precise reimbursement gap or surplus cannot be determined without the local market rent data, but the SAFMR provides a clear benchmark for understanding the economic realities of Section 8 housing in this specific ZIP code.
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.