Section 8 Fair Market Rent (FMR) for ZIP 90720 - 2027

Location: Santa Ana-Anaheim-Irvine, CA | Metro: Santa Ana-Anaheim-Irvine, CA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,590
1 Bedroom	$2,620
2 Bedrooms	$3,070
3 Bedrooms	$4,170
4 Bedrooms	$4,980
5 Bedrooms	$5,777
6 Bedrooms	$6,470
7 Bedrooms	$6,988
8 Bedrooms	$7,337

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

23,805

Median Household Income

$135,851

Housing Units

8,825

Renter Percentage

35.1%

Occupancy Rate

96.1%

Renter Occupied

2,972

Housing Authorities Serving ZIP 90720

Orange County Housing Authority (Santa Ana, CA) - 11,686 Section 8 vouchers
City of Anaheim Housing Authority (Anaheim, CA) - 6,835 Section 8 vouchers
Housing Authority of the City of Santa Ana (Santa Ana, CA) - 3,398 Section 8 vouchers
Housing Authority of the City of Garden Grove (Garden Grove, CA) - 2,437 Section 8 vouchers

The ZIP code 90720, located in Los Alamitos, California, is a suburban area known for its proximity to military bases and industrial zones, making it attractive to families and professionals. The local real estate market reflects this demographic mix, with a balance between rental properties and owner-occupied homes.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 90720 for fiscal year 2024 is set at $2,600.
The Zillow Observed Rent Index (ZORI) for the area indicates that the average market rent for a similar property is $3,336.
The median home value in the ZIP code stands at $1,578,208, suggesting a robust housing market.
Renters make up 35.1% of the population, indicating a significant demand for rental properties.
The median household income in the area is $135,851, which supports higher rental rates and property values.

Investors considering the ZIP code 90720 will find that the gap between the ZORI and the FMR presents an opportunity to charge slightly above fair market rates. With a substantial portion of the population renting, there is a clear demand for rental properties, particularly those that cater to families and professionals. The high median income supports the ability of residents to pay premium rents, making the area a favorable investment location for those looking to enter the rental market or own high-value properties.

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.