Section 8 Fair Market Rent (FMR) for ZIP 90608 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 90608, located in California, represents a niche market with unique characteristics that can influence rental property investment decisions. Understanding the Fair Market Rent (FMR) and other key metrics can provide valuable insights into the potential profitability and demand for rental properties in this area.

• The Fair Market Rent for ZIP 90608 in fiscal year 2024 is set at $2,540, which reflects the average monthly rent for a two-bedroom apartment and serves as a benchmark for housing affordability.
• The market rent for the area is currently not available, indicating a lack of recent data on what tenants are actually paying, which can be a risk factor for setting competitive rental rates.
• The median home value in ZIP 90608 is not available, suggesting that there might be limited sales data or significant variance in property values, making it challenging to assess the overall real estate market health.
• The percentage of residents who are renters in ZIP 90608 is not available, which means we cannot accurately gauge the demand for rental properties relative to owner-occupied homes.
• The Days on Market (DOM) for properties in this ZIP code is not available, making it difficult to predict how long it might take to find a tenant or sell a property.
• The median household income for ZIP 90608 is not available, which is crucial for understanding the financial capacity of potential tenants and their ability to afford rent.

In summary, while the Fair Market Rent for ZIP 90608 stands at $2,540, critical data points such as market rent, median home value, renter share, DOM, and median income are unavailable. This scarcity of detailed market information poses challenges for landlords and small-portfolio investors looking to make informed decisions about rental pricing and property management strategies. It is advisable to seek additional local insights and consult with real estate professionals to fill these data gaps and make strategic investments.

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.