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

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 90808

• 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 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). 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.