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 | $2,500 |
| 1 Bedroom | $2,800 |
| 2 Bedrooms | $3,450 |
| 3 Bedrooms | $4,380 |
| 4 Bedrooms | $4,900 |
| 5 Bedrooms | $5,684 |
| 6 Bedrooms | $6,366 |
| 7 Bedrooms | $6,875 |
| 8 Bedrooms | $7,219 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,450 | $656,247 | 0.53% | F |
| 3BR | $4,380 | $868,617 | 0.5% | F |
| 4BR | $4,900 | $1,018,364 | 0.48% | F |
| 5BR | $5,684 | $1,192,921 | 0.48% | F |
U.S. Census Bureau data (2024)
2820 is the Fair Market Rent (FMR) for ZIP code 90701, Artesia, CA, effective for fiscal year 2024. 2219 represents the average market rent based on Census data, indicating a slight premium when comparing the FMR to actual rental rates. 873,718 is the median home value in this area, reflecting a significant investment for homeowners. 50.5% is the proportion of residents who are renters, highlighting a balanced housing market where both ownership and renting are prevalent. 101,004 is the median income in the region, providing insight into the financial capacity of potential tenants. The data does not specify days on market (DOM), suggesting that listings typically move quickly once they're available. Similarly, there's no percentage given for the price-cut share, implying that homes in this area often sell at or near their listed price without substantial negotiation. In conclusion, 2820 is the threshold for Section 8 rents, making it a viable option for landlords and small-portfolio investors willing to participate in the program. However, given the market rent at 2219, landlords might find higher returns outside of Section 8. For those considering Section 8, the balance between the FMR and median income at 101,004 suggests a stable tenant pool. The verdict on Section 8 in 90701 is that while it offers a reliable source of rental income, the market presents opportunities for higher yields.
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.