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 ZIP code 90409 in the Los Angeles-Long Beach-Glendale County area stands out due to the lack of specific demographic data available, including resident count, percentage renting, median income, and median home value. This absence of detailed information can make it challenging to assess the typical economic conditions and housing trends in the area.
However, the voucher economics provide a clearer picture. The Fair Market Rent (FMR) for ZIP 90409 is set at $2540 for fiscal year 2024. While the exact market rent is not specified, landlords should be aware that the FMR is used to determine payment standards for Section 8 vouchers. This means that tenants with vouchers can potentially cover up to $2540 per month in rent, depending on their income and the terms of their voucher.
Given the limited data points available, it's difficult to definitively label the ZIP code's data signature as either "stable" or "transitional." However, the reliance on FMR data suggests that there might be an ongoing need for affordable housing solutions in the area, which could indicate a transitional phase where the housing market adjusts to accommodate both low-income and higher-income residents.
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.