Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,370 |
| 1 Bedroom | $2,640 |
| 2 Bedrooms | $3,260 |
| 3 Bedrooms | $4,140 |
| 4 Bedrooms | $4,630 |
| 5 Bedrooms | $5,371 |
| 6 Bedrooms | $6,016 |
| 7 Bedrooms | $6,497 |
| 8 Bedrooms | $6,822 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,260 | $873,711 | 0.37% | F |
| 3BR | $4,140 | $1,205,884 | 0.34% | F |
| 4BR | $4,630 | $1,687,339 | 0.27% | F |
| 5BR | $5,371 | $2,740,033 | 0.2% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 91006 in Arcadia, CA reveals a moderate yield and relatively stable rental market environment. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $2,810. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher holder, which is notably lower than the market rent of $3,959. However, when compared to the median home value of $1,404,695, the FMR and market rents indicate a modest yield potential for landlords.
In terms of stability, the area has a substantial proportion of renters at 31.3% of the total population, suggesting a healthy demand for rental properties. The median household income in the area is $123,533, which is quite high and indicates that tenants are likely to be financially stable and able to meet their rent obligations. Unfortunately, the average days on market (DOM) for rentals is not available, which could have further clarified the stability of the rental market.
Based on these figures, ZIP 91006 does not qualify as a high-yield/low-stability flip-style market. Instead, it leans towards being a steady-cashflow zone due to the high median income supporting rent payments and a significant percentage of renters. The lower FMR compared to the market rent suggests that landlords should consider the limitations of the Section 8 program when setting their investment strategies in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.