Section 8 Fair Market Rent (FMR) for ZIP 91012 - 2027

FY 2027 Fair Market Rent Rates

2540 is the Fair Market Rent (FMR) for ZIP 91012, set by HUD for fiscal year 2024. This figure represents the maximum amount that a Section 8 voucher holder can pay towards their monthly rent. Despite the lack of specific market rent, median home value, and other detailed metrics, the FMR provides a reliable benchmark for landlords and small-portfolio investors considering properties in this area.

The absence of precise data such as median income and renter share does not diminish the importance of the FMR. It ensures that landlords can set competitive rents while still being within the acceptable range for subsidized housing. This is particularly useful for those who cater to low-income families, ensuring compliance with federal guidelines.

While the Days on Market (DOM) and price-cut share percentages are not available, the FMR serves as a solid foundation for determining the viability of properties in ZIP 91012. Investors should focus on properties that offer long-term stability and potential appreciation, given the limited immediate data points.

A strategic approach involves leveraging the FMR to negotiate with property owners and understand the local rental dynamics. Although specific figures for recent sales or current listings are not provided here, the FMR gives landlords a clear guideline on pricing and maintaining occupancy rates.

In conclusion, for ZIP 91012, the Section 8 program remains a viable option for landlords and investors willing to adhere to the $2540 FMR, ensuring steady income and compliance with federal housing assistance programs.

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.