Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| 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 90711, located in Lakewood, CA, presents a unique scenario for real estate analysis due to its classification as a PO Box ZIP code that does not cover residential territory. Therefore, direct comparisons with typical metrics such as median home values or days on market are not applicable here.
However, we can infer some key points from the surrounding area. The Fair Market Rent (FMR) for ZIP 90711 in fiscal year 2024 is set at $2540, which is a critical figure for Section 8 landlords. This indicates the maximum allowable rent for subsidized housing units, suggesting a relatively stable rental environment where the government sets the rates.
Median household income in the broader Lakewood area was recorded at $57,244 as of the 2000 Census. While this figure is outdated, it provides a baseline understanding of the economic conditions in the region. More recent and accurate income data would be necessary for a precise stability assessment.
Given the lack of residential properties covered by ZIP 90711, the primary focus for landlords should be on the guaranteed cash flow provided by the Section 8 program, rather than speculative yields or market volatility. The stability of this market comes from the government's role in setting rents and ensuring payment through the voucher system.
In conclusion, ZIP 90711 is best characterized as a steady-cashflow zone for landlords participating in the Section 8 program, given the fixed nature of the rental rates and the absence of typical market fluctuations. The FMR of $2540 represents a reliable benchmark for rental income, making it a predictable but potentially low-yield investment option.
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.