Section 8 Fair Market Rent (FMR) for ZIP 91206 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 91206

• Housing Authority of the City of Los Angeles (Los Angeles, CA) - 53,428 Section 8 vouchers
• Los Angeles County Development Authority (Alhambra, CA) - 27,058 Section 8 vouchers
• City of Long Beach Housing Authority (Long Beach, CA) - 7,862 Section 8 vouchers
• Housing Authority of the City of Glendale (Glendale, CA) - 1,667 Section 8 vouchers
• Housing Authority of the City of Santa Monica (Santa Monica, CA) - 1,536 Section 8 vouchers
• City of Pasadena Housing Department (Pasadena, CA) - 1,525 Section 8 vouchers
• Housing Authority of the City of Inglewood (Inglewood, CA) - 1,201 Section 8 vouchers
• Housing Authority of the City of Pomona (Pomona, CA) - 1,119 Section 8 vouchers
• Housing Authority of the City of Burbank (Burbank, CA) - 1,047 Section 8 vouchers
• Housing Authority of the City of Baldwin Park (Baldwin Park, CA) - 913 Section 8 vouchers

Glendale, California, located in ZIP code 91206, is a vibrant urban community known for its diverse population and proximity to Los Angeles. The area offers a mix of residential and commercial properties, making it an attractive location for both tenants and investors.

• The Fair Market Rent (FMR) for a two-bedroom apartment in Glendale for fiscal year 2024 is set at $2,990. This figure reflects the government's assessment of rental values and can influence eligibility criteria for housing assistance programs.
• The actual market rent, as measured by Zillow's ZORI index, stands at $2,551 for a similar-sized unit. This indicates that while government estimates are higher, the real estate market in Glendale is pricing units slightly below these benchmarks.
• The median home value in Glendale is $1,144,999. This suggests a robust housing market where property appreciation could be a significant factor for long-term investment strategies.
• Renters make up 60.3% of Glendale's population, highlighting a strong demand for rental properties. This high percentage of renters supports the viability of rental investments in the area.
• The median household income in Glendale is $89,188. This level of income indicates a stable economic base capable of supporting rental prices and potentially driving further appreciation in home values.

The data points highlight a dynamic real estate market in Glendale, characterized by a strong rental sector and high median home values. Despite the government's higher FMR estimate, the actual market rents remain competitive, suggesting potential for above-average returns on rental investments. With a substantial portion of the population renting, there is a consistent demand for rental properties, making Glendale an appealing location for landlords and small-portfolio investors. The median income level supports the ability of residents to afford higher rents and contributes to the overall stability and growth potential of the real estate market.

Data Sources: FMR data from HUD (2027). 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.