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

Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area

Investment Score for ZIP 90712

Monthly Rent (2BR)

$3,620

Median Price (2BR)

$774,518

1% Rule

0.47%

Annual Yield

5.61%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,630
1 Bedroom	$2,930
2 Bedrooms	$3,620
3 Bedrooms	$4,590
4 Bedrooms	$5,140
5 Bedrooms	$5,962
6 Bedrooms	$6,677
7 Bedrooms	$7,211
8 Bedrooms	$7,572

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$3,620	$774,518	0.47%	F
3BR	$4,590	$860,560	0.53%	F
4BR	$5,140	$972,017	0.53%	F
5BR	$5,962	$1,115,500	0.53%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

30,800

Median Household Income

$122,435

Housing Units

10,270

Renter Percentage

24.5%

Occupancy Rate

98.1%

Renter Occupied

2,468

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). 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.