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 |
The market analysis for Section 8 investors in ZIP code 91310 reveals a unique set of conditions that impact rental decisions and potential cash flow scenarios. The HUD Fair Market Rent (FMR) for ZIP 91310 in fiscal year 2024 is set at $2540. However, without specific market rent data, it's challenging to provide a direct comparison between the HUD FMR and the actual market rates. This lack of precise market rent figures makes it difficult to ascertain whether voucher tenants will cashflow at the FMR, marginally, or only with premium units.
To further analyze the investment potential, consider the median home value in the area. Unfortunately, the median home value for ZIP 91310 is also not available, which means deriving a rent-to-price ratio to assess buy-versus-rent dynamics is impossible. Typically, such ratios help investors understand how rents compare to property values, indicating whether renting or buying might be more advantageous. In the absence of this data, the decision-making process for investors must rely heavily on other metrics and qualitative assessments.
The days on market (DOM) and the percentage of homes that have been price-cut are not available for ZIP 91310. These figures would normally provide insights into the local housing market's health and the competitive landscape faced by both buyers and renters. Without these numbers, investors must look to other sources for understanding the local real estate trends and challenges.
Given the limited data, the strongest investor angle in ZIP 91310 appears to be stability. With the HUD FMR providing a guaranteed minimum income for eligible tenants, landlords can expect steady cash flow from voucher holders, assuming they meet the necessary qualifications. This predictability is particularly valuable in an uncertain economic environment, where other factors such as appreciation or fluctuating market rents may be less reliable.
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.