Section 8 Fair Market Rent (FMR) for ZIP 90509 - 2027

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

FY 2027 Fair Market Rent Rates

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 90509, located in California, is a region that offers significant opportunities for real estate investment, particularly for those interested in the Section 8 housing market. The Fair Market Rent (FMR) for this area is set at $2540 per month for fiscal year 2024, which serves as a benchmark for rental prices in federally-assisted housing programs.

Fair Market Rent (FMR): The FMR for ZIP 90509 is $2540 per month, indicating the average rent that can be charged for a standard unit under the Section 8 program.
Market Rent: Data on market rent for ZIP 90509 is currently unavailable, suggesting a need for further research to understand how it compares to the FMR.
Median Home Value: Information on the median home value for this ZIP code is also not available, which could affect investment strategies targeting homeownership.
Renter Share: The percentage of residents who are renters in ZIP 90509 is unknown, but this figure is crucial for assessing the demand for rental properties.
Days on Market (DOM): The average days on market for rental listings in ZIP 90509 is not available, which would help in understanding the speed at which properties are rented out.
Median Income: The median income for residents in ZIP 90509 is not provided, which is important for gauging the financial stability and eligibility of potential tenants for Section 8.

Despite the lack of complete data, the established FMR of $2540 provides a solid foundation for setting competitive rental prices for Section 8 eligible units. Landlords and small-portfolio investors should focus on securing properties within this price range to maximize their chances of being selected by tenants through the voucher program. However, without detailed insights into market rent, median home values, renter demographics, and tenant income levels, additional local research is recommended to fully understand the investment landscape and optimize property management strategies.

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.