Section 8 Fair Market Rent (FMR) for ZIP 90652 - 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 |
A skeptical investor considering ZIP 90652 in California might raise several concerns regarding the viability of investing in properties there under the Section 8 program. Here's a detailed look at those objections, based on the available data.
- Will FMR $2540 (zip FY 2024) cover the mortgage on a property? The Fair Market Rent (FMR) for ZIP 90652 in fiscal year 2024 is set at $2540. This figure represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program. However, the data does not provide the average home price or typical mortgage payments in the area, making it impossible to definitively state whether this FMR will sufficiently cover the mortgage on a given property. Investors should calculate their expected mortgage costs and compare them against the FMR to determine if the investment is financially viable.
- Is there enough renter demand at N/A%? Unfortunately, the data provided does not specify the percentage of renter demand in ZIP 90652. Without this information, it's challenging to assess the level of competition among landlords and the potential occupancy rates. To make an informed decision, investors should seek additional local market research to understand the rental landscape and tenant preferences in the area.
- Will vouchers keep pace with N/A market rents? The FMR of $2540 is intended to reflect the average market rent in the area, but the data does not indicate how well voucher amounts are keeping up with actual market conditions. If market rents exceed the FMR, landlords may find themselves subsidizing the difference, which could impact profitability. Investors should monitor local rental trends and consult with housing authorities to ensure that voucher amounts remain competitive with market rents.
The data available provides some insight into the financial considerations of renting in ZIP 90652 under the Section 8 program, but it also highlights gaps in understanding the broader market dynamics. Careful analysis and supplementary research are essential for making sound investment decisions.
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.