Section 8 Fair Market Rent (FMR) for ZIP 90807 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 90807

• 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

The ZIP code 90807, located in Long Beach, California, is a vibrant urban area that offers a mix of residential and commercial properties. It is characterized by its proximity to the city's amenities, including shopping centers, parks, and waterfront attractions, making it a desirable location for both residents and investors.

• The Fair Market Rent (FMR) for ZIP 90807 as of the fiscal year 2024 is set at $2,620, reflecting the rental price range considered fair for the area by HUD standards.
• The Zillow Observed Rent Index (ZORI), which measures the average monthly rent for single-family homes and condominiums, stands at $2,341, indicating a slightly lower market-driven rent compared to the FMR.
• The median home value in ZIP 90807 is $959,641, showcasing a robust real estate market where property values are high but also stable.
• Renters make up 43.0% of the housing market in this area, suggesting a significant demand for rental properties.
• The median income for residents is $103,777, which supports the ability of tenants to afford higher rents and indicates a strong economic base within the community.
• The Days on Market (DOM) figure is not available, which could imply either very quick sales or a less active real estate market compared to other areas, requiring further investigation.

Investors looking to enter the real estate market in ZIP 90807 can expect a steady demand for rental properties, given the high median income and significant renter share. The gap between the ZORI and FMR suggests potential for above-average rental yields if managed efficiently. However, the lack of DOM data means investors should be cautious and conduct thorough due diligence to understand the local market dynamics fully.

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.