Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,490 |
| 1 Bedroom | $2,790 |
| 2 Bedrooms | $3,440 |
| 3 Bedrooms | $4,360 |
| 4 Bedrooms | $4,880 |
| 5 Bedrooms | $5,661 |
| 6 Bedrooms | $6,340 |
| 7 Bedrooms | $6,847 |
| 8 Bedrooms | $7,189 |
U.S. Census Bureau data (2024)
To profile ZIP code 90822 for its suitability as a Section 8 tenant pool, we must first understand the demographic and economic context. With a population of 93, it's evident that this is a very small community, which makes broad generalizations about rental versus homeownership trends challenging. However, based on the available data, we can infer certain aspects.
The percentage of renters and the median household income for ZIP 90822 are currently not specified. This lack of detail complicates a full analysis but highlights the need for precise data when making decisions regarding tenant pools.
Despite the missing figures, we can still assess the potential impact of Section 8 vouchers in this area. The Fair Market Rent (FMR) for ZIP 90822 is set at $2920 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge a Section 8 tenant. To determine if this is a renter-heavy ZIP with deep voucher demand, we would typically compare the median household income to the market rent and FMR. Without these specifics, we cannot accurately calculate the percentage of local income that typical rent consumes. However, if the median income is significantly below the FMR, it suggests that many residents may rely on rental assistance programs such as Section 8 to afford housing.
Landlords in ZIP 90822 should expect tenants who require financial assistance due to lower incomes. These tenants will be subject to the voucher program's rules and regulations, including income verification and the requirement to pay 30% of their adjusted income toward rent. Given the small population size, the competition among landlords for Section 8 tenants could be limited, potentially leading to a stable tenant pool if the area has a higher concentration of rental properties.
To make informed decisions, landlords should actively seek out current data on rental rates and median income levels in ZIP 90822. This will help them better understand the local market dynamics and prepare for the type of tenants they might attract through the Section 8 program.
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.