Section 8 Fair Market Rent (FMR) for ZIP 90814 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 90814

• 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

If a landlord is considering investing in ZIP 90814 (Long Beach, CA) for Section 8 properties, they should follow a structured decision-making process based on the following criteria:

1. Does the Fair Market Rent (FMR) of $2,690 cover the debt service on a property valued at $983,441?

• Yes: The FMR is sufficient to clear the debt service if the annual debt service is less than $32,280 ($2,690 x 12 months). This means that the monthly rent received can cover the mortgage payments and other loan obligations.

• No: If the annual debt service exceeds $32,280, then the FMR will not be enough to cover the costs. In this case, purchasing a Section 8 property in ZIP 90814 would not be financially viable.

2. Is the market rent of $2,444 (ZORI) above, at, or below the FMR?

• Above: If the ZORI is higher than the FMR, landlords might consider the opportunity cost of renting to non-Section 8 tenants who could pay more. However, they must also weigh the stability and reliability of Section 8 tenants.

• At or Below: If the ZORI is at or below the FMR, then there is little to no opportunity cost for choosing Section 8 tenants over market-rate ones. This makes ZIP 90814 more attractive for Section 8 investments.

3. Are the demographics suitable for Section 8 tenants?

• Yes: With 66.5% of residents being renters, there is significant demand for rental properties. Additionally, while the days on market (DOM) is listed as N/A, high renter percentages generally indicate a stable rental market. These factors suggest that there is ample demand for Section 8 units in ZIP 90814.

• No: If the percentage of renters were significantly lower, or if the DOM was high, indicating difficulty in finding tenants quickly, the investment in Section 8 properties might not be advisable. However, given the 66.5% renter rate, this branch does not apply.

• It Depends: If the landlord is concerned about the N/A DOM, they should investigate further into the local real estate market to understand the vacancy rates and how quickly properties are rented out. This additional research will help clarify whether the demand is strong enough to support a Section 8 investment.

In conclusion, if the FMR of $2,690 covers the debt service and the ZORI is at or below this figure, and the high renter percentage indicates strong demand, then ZIP 90814 is a suitable location for a Section 8 investment. Landlords should ensure that their financials align with these figures before proceeding.

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.