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 |
ZIP code 91102 falls within the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 91102 in fiscal year 2024 is set at $2540. This figure can be used to determine eligibility for housing assistance under the Section 8 program.
To contextualize 91102's FMR within the broader metro area, consider the following:
The FMR for the entire Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area typically ranges between $1700 and $3000 for a one-bedroom apartment, depending on the specific ZIP code. Given that 91102 has an FMR of $2540, it suggests that this ZIP code is positioned towards the higher end of the spectrum but still within a reasonable range for the metro area. This indicates that 91102 is likely a mid-tier neighborhood, offering a balance between affordability and quality of life.
The lack of data on market rent and home values in ZIP 91102 makes direct comparisons challenging. However, given the absence of such data, it could imply that there is limited private rental activity or less publicly available information on real estate transactions in this area. This scenario might point to 91102 being a niche market or a value pocket where rental properties are primarily managed through government programs or other non-traditional means.
The unspecified percentage of renter share also adds to the complexity of determining the exact nature of the housing market in 91102. High renter share percentages combined with lower home values often indicate areas attractive to Section 8 participants due to a higher concentration of affordable rental units. Since we do not have the exact renter share percentage, we cannot definitively state if 91102 fits this profile.
In summary, ZIP 91102 appears to be a mid-tier neighborhood within the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area, with an FMR of $2540. Its potential as a value pocket or a Section 8 sweet spot remains unclear without additional data on market rents, home values, and the percentage of renters. Landlords and small-portfolio investors should use this information to gauge the potential demand for subsidized housing in this area and make informed decisions about their investments.
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.