Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,150 |
| 1 Bedroom | $2,400 |
| 2 Bedrooms | $2,960 |
| 3 Bedrooms | $3,760 |
| 4 Bedrooms | $4,200 |
| 5 Bedrooms | $4,872 |
| 6 Bedrooms | $5,457 |
| 7 Bedrooms | $5,894 |
| 8 Bedrooms | $6,189 |
To profile ZIP code 91066 as a Section 8 tenant pool, we must rely on the available data points and make logical deductions based on those figures. The lack of specific population and rental percentage data makes it challenging to definitively categorize 91066 as either renter-heavy or homeowner-dominated. However, the absence of detailed statistics suggests that this area might not be widely covered in standard real estate reports, indicating it could be a niche market.
The median household income for this ZIP code is also not provided, which is crucial for understanding the financial capacity of potential tenants. Without this figure, it's impossible to calculate the exact percentage of local income that goes towards rent. Nevertheless, we can compare the Fair Market Rent (FMR) of $2,540 to the typical market rent, assuming they align closely due to the lack of specific local rent data.
Section 8 vouchers are designed to help low-income families afford housing. In areas where the FMR is significantly higher than the median income, vouchers become a critical lifeline for many tenants. Given the FMR of $2,540 for ZIP 91066, landlords should anticipate a strong demand for properties that fall within this price range or slightly below, as these would be most accessible to voucher holders.
In terms of tenant profiles, landlords in ZIP 91066 should expect a mix of low-income individuals and families who rely on Section 8 vouchers to cover their rent. These tenants will likely be looking for affordable housing options that match the FMR or are priced slightly lower. Landlords should prepare for the administrative requirements associated with accepting Section 8 tenants, such as working with housing authorities and adhering to specific property standards.
While the precise dynamics of the rental market in 91066 cannot be fully assessed without more comprehensive data, the presence of a substantial FMR indicates a significant portion of the population may require assistance to meet housing costs. Therefore, landlords should focus on maintaining properties that are attractive to voucher holders while ensuring they comply with all relevant regulations.
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.