Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,050 |
| 1 Bedroom | $2,290 |
| 2 Bedrooms | $2,830 |
| 3 Bedrooms | $3,590 |
| 4 Bedrooms | $4,020 |
| 5 Bedrooms | $4,663 |
| 6 Bedrooms | $5,223 |
| 7 Bedrooms | $5,641 |
| 8 Bedrooms | $5,923 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,830 | $663,459 | 0.43% | F |
| 3BR | $3,590 | $812,148 | 0.44% | F |
| 4BR | $4,020 | $880,605 | 0.46% | F |
| 5BR | $4,663 | $1,018,964 | 0.46% | F |
U.S. Census Bureau data (2024)
2520 is the Fair Market Rent (FMR) for ZIP code 90604, Whittier, CA, for fiscal year 2024. This figure sets the upper limit for rental properties participating in the Section 8 program. In comparison, the Zillow Observed Rent Index (ZORI) stands at 2177, indicating that market rents are slightly below the FMR threshold. The median home value in the area is 828651, reflecting a relatively stable housing market. With a 34.6% renter share, it's clear that a significant portion of the population relies on rental properties, making the demand for affordable housing strong. The median income of 105074 suggests that many residents could benefit from the financial assistance provided by the Section 8 program. Despite this, the 0.1% price-cut share indicates that landlords in the area are maintaining their rental rates without significant discounts. Given these numbers, landlords in Whittier can expect steady demand for Section 8 eligible units, with the potential to maintain competitive rental rates close to the FMR. The lack of day DOM (days on market) data implies that rental listings are typically filled promptly, further supporting the idea of a robust rental market. In conclusion, the Section 8 program remains a viable option for landlords in Whittier, offering a reliable source of tenants who can afford the set rental rates.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.