Location: Santa Ana-Anaheim-Irvine, CA | Metro: Santa Ana-Anaheim-Irvine, 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 | $2,590 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,070 | $843,312 | 0.36% | F |
| 3BR | $4,170 | $1,482,033 | 0.28% | F |
| 4BR | $4,980 | $1,737,765 | 0.29% | F |
| 5BR | $5,777 | $2,110,074 | 0.27% | F |
U.S. Census Bureau data (2024)
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.
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). 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.