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 | $2,310 |
| 1 Bedroom | $2,580 |
| 2 Bedrooms | $3,180 |
| 3 Bedrooms | $4,030 |
| 4 Bedrooms | $4,510 |
| 5 Bedrooms | $5,232 |
| 6 Bedrooms | $5,860 |
| 7 Bedrooms | $6,329 |
| 8 Bedrooms | $6,645 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,580 | $305,454 | 0.84% | C |
| 2BR | $3,180 | $430,493 | 0.74% | D |
| 3BR | $4,030 | $730,044 | 0.55% | F |
| 4BR | $4,510 | $916,709 | 0.49% | F |
| 5BR | $5,232 | $1,064,790 | 0.49% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 91321, located in Santa Clarita, CA, within Los Angeles County, reveals several key points. The HUD Fair Market Rent (FMR) for the area, as of fiscal year 2024, is set at $2,620. In comparison, the market rent, measured by Zillow's ZORI index, stands at $2,510. This indicates that voucher tenants can generally cashflow at the FMR rate, with a slight buffer above the market average, suggesting a marginally positive cashflow scenario.
To further analyze the investment potential, consider the median home value in the area, which is $698,621. Using this figure, we can calculate the rent-to-price ratio, an important metric for understanding the local rental market dynamics relative to homeownership. With a monthly rent of $2,510, the annual rent would be approximately $30,120. Dividing this by the median home value yields a rent-to-price ratio of about 4.31%, indicating that renting is relatively less expensive compared to buying, which could influence tenant preferences and market stability.
The 28-day median Days on Market (DOM) and the 0.2% price-cut share suggest a robust housing market where properties sell quickly without significant price reductions. While these metrics primarily pertain to the homebuying sector, they do reflect broader economic health and demand in the area, which can positively impact rental markets by maintaining steady occupancy rates and reducing vacancy risks.
In conclusion, the strongest angle for Section 8 investors in ZIP 91321 is likely stability. The marginally positive cashflow from voucher tenants, combined with a favorable rent-to-price ratio and strong home sales indicators, suggests a reliable and predictable investment environment.
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.