Section 8 Fair Market Rent (FMR) for ZIP 90712 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 90712

• Housing Authority of the City of Los Angeles (Los Angeles, CA) - 53,428 Section 8 vouchers
• Los Angeles County Development Authority (Alhambra, CA) - 27,058 Section 8 vouchers
• City of Long Beach Housing Authority (Long Beach, CA) - 7,862 Section 8 vouchers
• Housing Authority of the City of Glendale (Glendale, CA) - 1,667 Section 8 vouchers
• Housing Authority of the City of Santa Monica (Santa Monica, CA) - 1,536 Section 8 vouchers
• City of Pasadena Housing Department (Pasadena, CA) - 1,525 Section 8 vouchers
• Housing Authority of the City of Inglewood (Inglewood, CA) - 1,201 Section 8 vouchers
• Housing Authority of the City of Pomona (Pomona, CA) - 1,119 Section 8 vouchers
• Housing Authority of the City of Burbank (Burbank, CA) - 1,047 Section 8 vouchers
• Housing Authority of the City of Baldwin Park (Baldwin Park, CA) - 913 Section 8 vouchers

Lakewood, CA, located in ZIP code 90712, is a suburban area known for its family-friendly environment and proximity to Long Beach and Orange County. The real estate market here is influenced by both residential and rental dynamics, making it an interesting area for investors looking to capitalize on multifamily properties or single-family homes.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 90712 for fiscal year 2024 is set at $3310.
• The market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $3,411 for a similar unit, reflecting a slightly higher demand-driven price.
• The median home value in the area is $875,908, indicating a relatively affluent community with strong property values.
• Renters make up 24.5% of the housing market, suggesting a significant but not overwhelming rental population.
• The Days on Market (DOM) for rental listings is 13 days, which is quite low and indicates a brisk rental market.
• The median household income in Lakewood is $122,435, providing evidence of a stable economic base that supports the local rental and homeownership markets.

Investors considering entering the Lakewood real estate market should note the strong correlation between the FMR and ZORI, suggesting a healthy balance between government guidelines and market realities. With a median home value exceeding $875,000 and a median income of over $122,000, there is ample financial support for both rental and homeownership activities. However, the relatively low renter share suggests that opportunities might be more plentiful in the homeownership sector. The quick turnaround time for rental listings highlights the competitive nature of the rental market, making timely property management and maintenance essential for success. Overall, Lakewood presents a robust investment opportunity for those willing to engage with both rental and homeownership trends.

Data Sources: FMR data from HUD (2027). 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.