Section 8 Fair Market Rent (FMR) for ZIP 91311 - 2027

Investment Score for ZIP 91311

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	$2,510
1 Bedroom	$2,800
2 Bedrooms	$3,450
3 Bedrooms	$4,380
4 Bedrooms	$4,910
5 Bedrooms	$5,696
6 Bedrooms	$6,380
7 Bedrooms	$6,890
8 Bedrooms	$7,235

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$2,800	$465,990	0.6%	D
2BR	$3,450	$563,259	0.61%	D
3BR	$4,380	$848,590	0.52%	F
4BR	$4,910	$1,078,480	0.46%	F
5BR	$5,696	$1,544,258	0.37%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 91311 (Los Angeles, CA) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) figures for ZIP code 91311, which are set by HUD for the year 2026, provide a benchmark for rental costs in the area. For a two-bedroom apartment, the FMR is $3,040, which represents 30.6% of the median household income of $119,386. However, the actual rental prices in the market significantly exceed these FMRs. The Zillow median price for a two-bedroom property is $569,248, indicating a price-to-FMR ratio of 15.6x. This suggests that the actual rental rates in the area are likely much higher than the FMRs, creating a significant constraint for Section 8 voucher holders. They would struggle to find properties within their budget, especially for larger units like three-bedroom and four-bedroom apartments where the FMRs are $3,850 and $4,290 respectively. #### Affordability & Renter Profile ZIP code 91311 has a population of 40,898, with 33.4% of residents being renters. The occupancy rate stands at 96.4%, indicating a highly occupied market with limited vacancy. Given the high median household income and the relatively low percentage of renters, it is likely that the typical renter in this area is financially stable but still faces affordability challenges due to the high cost of living. The tight market conditions mean that there is strong demand for rental properties, but the supply is constrained, leading to higher rental prices. This makes it difficult for lower-income individuals, particularly those relying on Section 8 vouchers, to secure housing in this ZIP code. #### Investor Angle From an investor’s perspective, the ZIP code 91311 presents a challenging environment for cash flow positive investments based solely on FMRs. With the FMR for a two-bedroom unit being $3,040 and the Zillow median price for such a unit being $569,248, the potential rental yield is quite low. Assuming a conservative annual appreciation rate and maintenance costs, the investment grade for properties in this ZIP code would be considered low for Section 8-focused investors. The high price-to-FMR ratio of 15.6x implies that rental properties are priced well above the FMRs, making it unlikely that landlords can achieve positive cash flow while adhering strictly to the FMR guidelines. #### Specific Actionable Insights 1. **Target Smaller Units**: Given the high price-to-FMR ratio, investors should focus on smaller units, such as one-bedroom or studio apartments, where the FMRs are $2,440 and $2,180 respectively. These units are more likely to be rented out at FMR levels without significant financial loss. 2. **Consider Mixed-Income Developments**: To balance the need for affordable housing with the realities of the local market, investors might consider developing mixed-income properties. By including a mix of units that cater to both Section 8 voucher holders and higher-paying tenants, the overall financial viability of the project can be improved. #### Bottom Line For Section 8-focused investors, the ZIP code 91311 is not recommended as a primary investment target. The high price-to-FMR ratio and tight market conditions make it difficult to achieve positive cash flow while adhering to FMR guidelines. Investors should either skip this ZIP code entirely or consider alternative strategies such as targeting smaller units or developing mixed-income properties. The recommendation is to **Skip** this ZIP code for pure Section 8 investments.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.