Section 8 Fair Market Rent (FMR) for ZIP 91222 - 2027

FY 2027 Fair Market Rent Rates

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

The ZIP code 91222 is located in Glendale, CA, a city within Los Angeles County. It's important to note that the data for this ZIP code is classified as a PO Box, which means it might not provide complete information on population and other metrics typically associated with residential areas.

The median home value in ZIP 91222 is $699,000, reflecting a relatively high-end real estate market. The median household income in this area is $84,500, indicating a middle to upper-middle-class neighborhood. However, specific figures for the percentage of renters and the exact population were not available in the data provided.

Moving to the rent economics, the Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 91222 for fiscal year 2024 is set at $2540. This figure is crucial for landlords and investors operating under the Section 8 program, as it dictates the maximum allowable rent for subsidized units. While the market rent was not explicitly stated in the data provided, it's reasonable to infer that the market rent could be higher given the median home values and income levels in the area.

Does this place fit a hands-off voucher operator or a hands-on value-add buyer? Given the high median home values and income levels, a hands-on approach would likely yield better returns. Investors who can add value through renovations or improvements will find a more receptive market here, as the demand for quality housing is strong and the ability to pay higher rents exists among the residents.

A hands-off operator might struggle to compete in such a dynamic and high-value market, where maintaining a property without significant upgrades could lead to lower occupancy rates or difficulty attracting tenants willing to pay the higher rents commanded by the area.

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.