Section 8 Fair Market Rent (FMR) for ZIP 90808 - 2027

Location: Santa Ana-Anaheim-Irvine, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area

Investment Score for ZIP 90808

Monthly Rent (2BR)

$3,590

Median Price (2BR)

$870,670

1% Rule

0.41%

Annual Yield

4.95%

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	$2,610
1 Bedroom	$2,910
2 Bedrooms	$3,590
3 Bedrooms	$4,550
4 Bedrooms	$5,100
5 Bedrooms	$5,916
6 Bedrooms	$6,626
7 Bedrooms	$7,156
8 Bedrooms	$7,514

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	$3,590	$870,670	0.41%	F
3BR	$4,550	$1,016,431	0.45%	F
4BR	$5,100	$1,195,590	0.43%	F
5BR	$5,916	$1,357,527	0.44%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

39,317

Median Household Income

$137,855

Housing Units

14,796

Renter Percentage

17.5%

Occupancy Rate

96.0%

Renter Occupied

2,490

The ZIP code 90808, located in Long Beach, California, is a vibrant area that offers both residential and commercial opportunities. Nestled along the coast, it benefits from proximity to major urban centers while maintaining a suburban feel, making it attractive to a diverse range of residents and investors.

The Fair Market Rent (FMR) for ZIP 90808 in fiscal year 2024 is set at $3090, providing a benchmark for rental pricing that aligns with the local cost of living.
The actual market rent, as indicated by the Zillow Observed Rental Index (ZORI), stands at $2,768, slightly below the FMR but still indicative of strong demand in the rental market.
The median home value in this ZIP code is $1,042,049, reflecting the area's desirability and robust real estate market.
Renters make up 17.5% of the housing market in 90808, showing a significant portion of the population prefers leasing over owning, which is beneficial for landlords and investors focused on rental properties.
The Days on Market (DOM) for properties in this area is just 11 days, demonstrating a quick turnover rate and high interest among buyers and renters.
The median household income in ZIP 90808 is $137,855, suggesting a relatively affluent community capable of supporting higher rents and property values.

In summary, ZIP 90808 presents a favorable investment landscape with a healthy balance between rental and homeownership markets. The close alignment of FMR and ZORI, alongside the quick DOM, points towards a dynamic and active real estate environment. Investors should capitalize on the strong demand for rentals and the potential for appreciation in property values, given the area's attractive amenities and economic indicators. This ZIP code is well-suited for those looking to diversify their portfolios with both rental and potentially resale-oriented investments.

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.