Section 8 Fair Market Rent (FMR) for ZIP 91302 - 2027

Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area

Investment Score for ZIP 91302

Monthly Rent (2BR)

$4,450

Median Price (2BR)

$658,821

1% Rule

0.68%

Annual Yield

8.11%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$3,610	$499,817	0.72%	D
2BR	$4,450	$658,821	0.68%	D
3BR	$5,650	$1,295,339	0.44%	F
4BR	$6,320	$1,872,197	0.34%	F
5BR	$7,331	$3,376,047	0.22%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

25,569

Median Household Income

$185,636

Housing Units

10,165

Renter Percentage

29.4%

Occupancy Rate

93.4%

Renter Occupied

2,791

Calabasas, CA, represented by ZIP code 91302, is a affluent suburb located in Los Angeles County. Known for its high-end residential communities, the area attracts wealthy individuals and families who seek luxury living amidst a serene environment. This analysis provides insights into the rental market dynamics of Calabasas, highlighting key metrics that are crucial for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 91302 in fiscal year 2024 is set at $3820.
The actual market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $4,667, reflecting the premium that tenants are willing to pay for housing in this exclusive locale.
The median home value in Calabasas is a substantial $1,958,273, underscoring the wealth of the area's residents.
Renters make up 29.4% of the total population, indicating a significant portion of the community is still interested in renting rather than purchasing property.
The days on market (DOM) for rental listings in this area average 44 days, suggesting a relatively quick turnover rate for rental properties.
The median household income in Calabasas is a robust $185,636, providing strong financial backing for the local rental market.

The rental market in Calabasas presents a favorable scenario for investors. With a higher market rent compared to the FMR and a median home value indicative of affluence, the area supports premium pricing. The 29.4% renter share signals ongoing demand for rental properties, while the 44-day DOM suggests that units are occupied promptly once listed. The high median income further bolsters the likelihood of timely rent payments and overall stability in the rental market. In summary, Calabasas offers a lucrative investment opportunity for those looking to capitalize on the strong economic foundation and the affluent demographic of the area.

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.