Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 91326, located in Los Angeles, CA, is best suited as an appreciation play within a Section 8 portfolio strategy. The key indicators supporting this classification include the low 0.2% price-cut share and the relatively short 28-day days on market (DOM).
To understand why 91326 is ideal for appreciation, consider the financial metrics. The Fair Market Rent (FMR) for the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area in fiscal year 2024 is set at $3360, while the market rent stands at $4124. This indicates that properties in 91326 are already priced above the average FMR, which is a positive sign for potential future appreciation.
The median home value in 91326 is $1,236,509, reflecting a high-end residential area. With a median income of $148,281, residents have the financial capacity to afford higher rents, suggesting a strong demand for rental properties. This robust economic foundation underpins the likelihood of property values increasing over time.
The low price-cut share of 0.2% means that very few listings are being discounted, indicating a seller's market where prices are stable or rising. Additionally, the 28-day DOM suggests that homes are selling quickly, which is another indicator of a healthy real estate market. Rapid turnover and minimal price adjustments point to an environment conducive to capital appreciation rather than cash flow maximization.
While the renter share of 24.2% could be seen as a diversification factor, the primary focus should be on the appreciation potential. The combination of high median income, quick sales, and minimal price adjustments makes 91326 a prime candidate for investment strategies aimed at long-term growth and asset appreciation.
Data Sources: FMR data from HUD (2027). 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.