Location: Santa Ana-Anaheim-Irvine, CA | Metro: Santa Ana-Anaheim-Irvine, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,580 |
| 1 Bedroom | $2,610 |
| 2 Bedrooms | $3,060 |
| 3 Bedrooms | $4,160 |
| 4 Bedrooms | $4,970 |
| 5 Bedrooms | $5,765 |
| 6 Bedrooms | $6,457 |
| 7 Bedrooms | $6,974 |
| 8 Bedrooms | $7,323 |
The ZIP code 90721 in Santa Ana-Anaheim-Irvine, CA, presents unique challenges and opportunities for landlords and small-portfolio investors due to limited data availability. The area lacks specific figures for the number of residents, the percentage of renters, median income, and median home value, making it difficult to provide a detailed economic snapshot.
However, the Federal Market Rent (FMR) for ZIP 90721 is set at $2780 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge a tenant receiving rental assistance through the Section 8 program. Without comparable market rent data, it's challenging to assess the financial viability of accepting Section 8 tenants solely based on the FMR. Landlords should consider the local rental market trends and consult with local real estate agents or property managers to gauge how the FMR aligns with typical rental prices in the area.
Given the absence of key data points, the ZIP code 90721 appears to be in a transitional phase. The lack of detailed demographic and economic information suggests that the area might be undergoing changes, such as shifts in population dynamics, housing stock, or economic conditions. Investors should remain vigilant and gather additional information before making decisions about accepting Section 8 vouchers or investing in properties within this ZIP code.
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.