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 integrate ZIP 91077 into a Section 8 portfolio strategy, one must first understand the financial metrics available for this area. The Fair Market Rent (FMR) for ZIP 91077 in fiscal year 2024 is set at $2540. This figure is critical when determining the potential for cash flow stability.
Given the lack of specific market data such as the median home value, price-cut share, and days on market (DOM), the most reliable approach is to consider ZIP 91077 as a cash-flow anchor. The FMR serves as a benchmark for rental income that can be expected from properties participating in the Section 8 program. Landlords can count on receiving a steady stream of rental payments at or near this rate, which is guaranteed by the government. This predictability is crucial for maintaining consistent cash flows, especially in volatile markets where other investments might fluctuate.
The absence of data on appreciation plays and diversifiers does not detract from the importance of ZIP 91077 as a stable investment. Without knowing the exact percentage of the renter share or the median income, it's difficult to assess the potential for property appreciation or the role of this ZIP code in diversifying an investment portfolio. However, the government-backed rental income ensures a reliable source of revenue, making it a solid choice for those looking to secure their cash flow.
In conclusion, ZIP 91077 should be viewed primarily as a cash-flow anchor within a Section 8 portfolio strategy. Relying on the guaranteed FMR of $2540, landlords can expect a dependable income stream that minimizes risk and provides financial stability.
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.