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 | $2,570 |
| 1 Bedroom | $2,870 |
| 2 Bedrooms | $3,540 |
| 3 Bedrooms | $4,490 |
| 4 Bedrooms | $5,030 |
| 5 Bedrooms | $5,835 |
| 6 Bedrooms | $6,535 |
| 7 Bedrooms | $7,058 |
| 8 Bedrooms | $7,411 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,870 | $496,300 | 0.58% | F |
| 2BR | $3,540 | $783,771 | 0.45% | F |
| 3BR | $4,490 | $1,409,448 | 0.32% | F |
| 4BR | $5,030 | $2,004,724 | 0.25% | F |
| 5BR | $5,835 | $2,473,254 | 0.24% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 91202 in Glendale, California, reveals a market that offers a moderate balance between yield and stability for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 stands at $2,910, while the average market rent is slightly lower at $2,775. This indicates a relatively healthy rental environment where properties can be rented close to their FMR without significant difficulty.
The median home value in the area is $1,239,429, which is notably higher than both the FMR and market rent. However, this does not necessarily translate into a low-stability market since the homeowner value is often influenced by factors outside the rental market dynamics. The percentage of renters in the area is 58.0%, suggesting a substantial demand for rental properties.
The lack of data on the number of days a property remains on the market (DOM) makes it challenging to assess the liquidity of the rental market. Nonetheless, the average household income of $96,459 provides insight into the financial capacity of potential tenants to meet rental obligations. Given these figures, ZIP 91202 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market.
The key drivers for this classification are the relatively close alignment between the FMR and market rent, indicating stable rental rates, and the high percentage of renters. While the median home value is significantly higher, this does not directly impact the rental yield or stability. Therefore, investors looking for consistent returns should find ZIP 91202 suitable for their portfolios.
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.