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 | $2,750 |
| 1 Bedroom | $3,070 |
| 2 Bedrooms | $3,790 |
| 3 Bedrooms | $4,810 |
| 4 Bedrooms | $5,380 |
| 5 Bedrooms | $6,241 |
| 6 Bedrooms | $6,990 |
| 7 Bedrooms | $7,549 |
| 8 Bedrooms | $7,926 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,070 | $582,510 | 0.53% | F |
| 2BR | $3,790 | $957,683 | 0.4% | F |
| 3BR | $4,810 | $1,235,726 | 0.39% | F |
| 4BR | $5,380 | $1,547,713 | 0.35% | F |
| 5BR | $6,241 | $1,900,483 | 0.33% | F |
U.S. Census Bureau data (2024)
ZIP code 91214, located in La Crescenta-Montrose, California, falls within the larger Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. To analyze its position within this metro area, we must consider several key metrics including Fair Market Rent (FMR), market rent, home values, and the percentage of renters.
The FMR for ZIP 91214 is set at $3,280 for fiscal year 2024. This figure represents the maximum amount that a household receiving federal housing assistance can be charged for rent. In comparison, the market rent is slightly lower at $3,148, indicating that rental properties in this area are generally priced close to the FMR but not significantly above it.
The median home value in ZIP 91214 is $1,257,874, which is notably higher than the typical home values in the broader Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. This suggests that the neighborhood is relatively affluent and could be considered a premium sub-market within the larger metro area.
A significant portion of residents in 91214 are renters, with a renter share of 25.2%. While this is a substantial proportion, it does not necessarily indicate a value pocket, especially given the high median home value. Typically, a higher renter share combined with lower home values might suggest a Section 8 sweet spot, but in this case, the high home values imply that the area is more suitable for higher-income tenants.
Given the specific figures, ZIP 91214 appears to be a premium sub-market within the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. The alignment of market rent with FMR, coupled with the high median home value, supports this classification. However, landlords should also be aware of the moderate renter share, which may influence the types of rental units that are most attractive to potential tenants.
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.