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 | $2,480 |
| 1 Bedroom | $2,760 |
| 2 Bedrooms | $3,410 |
| 3 Bedrooms | $4,330 |
| 4 Bedrooms | $4,840 |
| 5 Bedrooms | $5,614 |
| 6 Bedrooms | $6,288 |
| 7 Bedrooms | $6,791 |
| 8 Bedrooms | $7,131 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,410 | $1,972,267 | 0.17% | F |
| 3BR | $4,330 | $2,317,280 | 0.19% | F |
| 4BR | $4,840 | $3,014,243 | 0.16% | F |
| 5BR | $5,614 | $4,397,863 | 0.13% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 91108, located in San Marino, California, reveals a unique blend of yield and stability that is neither a high-yield/low-stability flip-style market nor a straightforward steady-cashflow zone. Instead, it sits at an interesting intersection.
On the yield axis, the Federal Market Rent (FMR) for 2024 is set at $2800, significantly lower than the market rent of $6,133. This gap suggests that there is room for profit in rental properties, but the FMR figure also indicates a level of government subsidy available for tenants, which can stabilize cash flow for landlords. The median home value in the area stands at $2,839,705, reflecting a high-end residential market where rental properties could command premium rates if positioned correctly.
When it comes to stability, the data points towards a less volatile environment. Only 18.0% of residents are renters, indicating a primarily owner-occupied neighborhood. This low percentage of renters might suggest limited demand for rental properties. However, the average income in the area is substantial at $204,847, which supports the potential for higher rents and stable tenancy. The lack of data on days on market (DOM) does not provide insights into how quickly properties are rented out, but given the high-income demographic, it is reasonable to assume a relatively quick turnover.
To summarize, ZIP 91108 leans toward a steady-cashflow zone due to the high median income and the presence of government subsidies through FMR. The market rent is nearly double the FMR, offering a good yield. However, the low percentage of renters might limit the number of potential tenants, making it less ideal for large-scale rental operations. For small-portfolio investors looking for reliable returns, this ZIP code presents a favorable opportunity.
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.