Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,340 |
| 1 Bedroom | $2,610 |
| 2 Bedrooms | $3,220 |
| 3 Bedrooms | $4,080 |
| 4 Bedrooms | $4,570 |
| 5 Bedrooms | $5,301 |
| 6 Bedrooms | $5,937 |
| 7 Bedrooms | $6,412 |
| 8 Bedrooms | $6,733 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 91330 in fiscal year 2024 is set at $2730. This figure represents the maximum amount that a landlord can receive through the Section 8 Housing Choice Voucher program for renting a unit in this area. It's important to note that this is not the rent you should charge your tenants; rather, it's the payment standard used by the government to determine the subsidy amount.
To understand how this compares to the local market, we would typically look at the median rent for similar units in the area. However, the data provided does not include a specific local median rent for ZIP 91330, making it challenging to directly compare the FMR to typical market rates. Despite this, the 100.0% renter share indicates a high demand for rental properties in this ZIP code, suggesting that there are many individuals who rely on vouchers to find affordable housing.
When acquiring a property to use as a Section 8 rental, the initial investment can be significant. The data provided also lacks specific information about the average purchase price for homes in ZIP 91330, which would help in assessing the potential return on investment. Nevertheless, given the high renter share, it's reasonable to expect that once you have a property ready, finding tenants who qualify for the program will not be difficult.
A key factor to consider before committing to a Section 8 rental is ensuring that your property meets the Housing Quality Standards (HQS). These standards are set by the U.S. Department of Housing and Urban Development (HUD) and must be met for the property to be eligible for the program. Failure to comply with HQS can result in the loss of Section 8 tenants and subsidies. Therefore, verify that your property is up to code and ready for inspection before proceeding.
In summary, with an FMR of $2730 for ZIP 91330, you can expect to receive this amount per month as a subsidy for a tenant using a Section 8 voucher. High demand for rental properties in this area suggests a good opportunity for landlords, but remember to check that your property meets the necessary quality standards before entering the program.
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.