Section 8 Fair Market Rent (FMR) for ZIP 90840 - 2027

FY 2027 Fair Market Rent Rates

ZIP code 90840, located in the city of La Habra Heights, California, is a small, affluent community known for its quiet residential streets and proximity to larger urban centers like Los Angeles and Orange County. This area attracts homeowners and renters alike, with a strong emphasis on family living and quality education.

• The Fair Market Rent (FMR) for ZIP 90840 as of fiscal year 2024 is set at $2,540 for a two-bedroom apartment, reflecting the higher cost of living in this part of Southern California.
• The median home value in this ZIP code has not been specified in the available data, but given the location and demographic profile, it is expected to be above average for the region.
• The percentage of residents who are renters in 90840 has not been provided, however, the high FMR suggests a significant portion of the population may prefer renting over purchasing due to the cost.
• The median income for households in 90840 has not been detailed, but the high rental costs indicate that residents likely have above-average incomes.
• The days on market (DOM) for properties in this area have not been specified, which could mean either a very quick sale market or that the data is not widely tracked for this particular ZIP code.
• A key consideration for investors is the strong demand for housing in this area, driven by its desirable location and the high standards of living it provides.

Investors looking to enter the market in ZIP 90840 should expect a competitive landscape with high rental values. The absence of specific data points such as median home value and renter share does not diminish the attractiveness of this market, especially for those seeking to capitalize on the high Fair Market Rent. With above-average household incomes and a strong local economy, the potential for steady rental income and property appreciation remains robust. However, the lack of detailed DOM data may indicate challenges in accurately gauging the speed of transactions, suggesting thorough local research and networking could provide valuable insights into market timing and opportunities.

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.