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 classify ZIP 91123 (Unknown, CA) on the axes of yield and stability, we need to analyze the available data points: the Fair Market Rent (FMR) for fiscal year 2024 and the lack of specific market rent or home value figures.
The FMR for ZIP 91123 in fiscal year 2024 is set at $2540. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is based on the local rental market conditions. Since there is no specific market rent or home value data provided, it's challenging to make a direct comparison to determine if this area offers higher yields than the market average.
Regarding stability, the data is incomplete. There are no percentages of renters, days on market (DOM), or median income figures provided for ZIP 91123. Without these details, it's impossible to gauge the financial health and predictability of the tenant population, which are key indicators of stability in rental markets.
In conclusion, based on the FMR of $2540, ZIP 91123 could potentially offer good cash flow for landlords participating in the Section 8 program, assuming that the FMR aligns closely with actual market rents. However, the lack of additional data makes it difficult to definitively classify this ZIP code as either a high-yield/low-stability market suitable for flipping properties quickly or a steady-cashflow zone where long-term investment is more reliable. Landlords and small-portfolio investors should seek out more detailed local market data to make informed decisions about the stability and potential yield of investments in ZIP 91123.
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.