Section 8 Fair Market Rent (FMR) for ZIP 90809 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 90809, located in California, encompasses a mix of urban and suburban areas, offering a diverse landscape that includes residential neighborhoods, commercial spaces, and recreational facilities. This region is particularly interesting for real estate investors due to its unique blend of characteristics that influence rental markets and property values.

• Fair Market Rent (FMR): The Fair Market Rent for ZIP 90809 in fiscal year 2024 is set at $2540. This figure represents the maximum amount HUD will pay for low-income housing and is a critical benchmark for assessing rental prices.
• Rental Market: Data on the current market rent for ZIP 90809 is not available, which can be attributed to the lack of comprehensive reporting or a highly localized market that does not conform to broader trends.
• Median Home Value: Similarly, the median home value for the area is not reported, indicating either limited data or significant variability in home values that precludes a straightforward average.
• Renter Share: The percentage of residents who are renters in ZIP 90809 is not specified, making it challenging to gauge the overall demand for rental properties versus owner-occupied homes.
• Days on Market (DOM): Information on the average days a property remains on the market before being sold is not available, suggesting a need for further investigation into local real estate turnover rates.
• Median Income: The median income for the area is also not reported, which is important for understanding the financial capacity of potential tenants and buyers.

In summary, while the Fair Market Rent provides a key reference point at $2540, the absence of other critical metrics such as market rent, median home value, and median income means that investors must rely on additional research and local insights to make informed decisions. The unknowns regarding the renter share and days on market indicate a market that may require more granular analysis to uncover opportunities and risks. For landlords and small-portfolio investors, focusing on properties that align with the FMR and conducting thorough due diligence on local economic conditions will be crucial for success in ZIP 90809.

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.