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 |
ZIP 91226 in Glendale, CA, exhibits a moderate yield and stability profile when analyzed through the lens of Fair Market Rent (FMR) data for the fiscal year 2024. For a two-bedroom apartment, the FMR stands at $2,540, which is notably higher than the FMR of $2,000 for a one-bedroom unit. This suggests that larger units may command better yields.
The lack of specific data on market rents and home values makes it challenging to provide a comprehensive comparison. However, given the historical trend of increasing FMRs over the past few years, there is a reasonable expectation for continued growth, supporting a steady cash flow scenario for landlords.
Stability indicators such as renter percentages, days on market (DOM), and median income are not available. Without these figures, it's difficult to definitively classify the stability of the market. Nonetheless, the consistent increase in FMRs implies a relatively stable demand for rental properties in this area.
In summary, ZIP 91226 leans towards being a steady-cashflow zone due to the positive yield from the FMR, particularly for larger units. However, further analysis would be required to fully assess the stability aspect of the market.
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.