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 | $3,230 |
| 1 Bedroom | $3,610 |
| 2 Bedrooms | $4,450 |
| 3 Bedrooms | $5,650 |
| 4 Bedrooms | $6,320 |
| 5 Bedrooms | $7,331 |
| 6 Bedrooms | $8,211 |
| 7 Bedrooms | $8,868 |
| 8 Bedrooms | $9,311 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,610 | $456,278 | 0.79% | D |
| 2BR | $4,450 | $568,784 | 0.78% | D |
| 3BR | $5,650 | $1,022,904 | 0.55% | F |
| 4BR | $6,320 | $1,367,288 | 0.46% | F |
| 5BR | $7,331 | $2,066,105 | 0.35% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 91301, Agoura Hills, California, in fiscal year 2024 is set at $3820. This figure represents the maximum amount that a landlord can charge a tenant participating in the Section 8 Housing Choice Voucher program. It's important to note that this is not the total rent you would receive; it's the payment standard used to calculate the subsidy.
In comparison, the typical market rent for Agoura Hills, as indicated by the Zillow Observed Rental Index (ZORI), stands at $4,090 per month. This suggests that the market rent is higher than the FMR, meaning landlords might have to adjust their expectations if they plan on renting exclusively to Section 8 tenants.
The 17.6% renter share indicates that about 17.6% of households in Agoura Hills are renters. This percentage can help gauge the potential demand for rental properties. Given the relatively low renter share, there may be fewer overall renters in the area, but those who do rent will likely have a strong interest in affordable housing options like Section 8.
To put the FMR into context, consider the median home value in Agoura Hills. The acquisition cost of a median-priced home is approximately $1,248,795. If you're looking to invest in a rental property through the Section 8 program, you should ensure that the property meets all eligibility requirements and that the rental income, combined with other sources, will cover your mortgage payments and maintenance costs.
Before proceeding with your first Section 8 rental, verify that the property complies with HUD’s housing quality standards. These standards ensure that the rental unit is safe, decent, and sanitary, which is a prerequisite for participation in the program.
The decision to enter the Section 8 market requires careful consideration. While the FMR is lower than the average market rent, it provides a stable source of income with government backing. However, the lower rent must be balanced against the initial investment and ongoing compliance with regulations. If you can manage these factors, the Section 8 program offers a viable option for providing affordable housing while maintaining a steady cash flow.
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.