Section 8 Fair Market Rent (FMR) for ZIP 91351 - 2027

Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area

Investment Score for ZIP 91351

C
Monthly Rent (2BR)
$3,440
Median Price (2BR)
$400,932
1% Rule
0.86%
Annual Yield
10.3%

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$2,500
1 Bedroom$2,790
2 Bedrooms$3,440
3 Bedrooms$4,360
4 Bedrooms$4,880
5 Bedrooms$5,661
6 Bedrooms$6,340
7 Bedrooms$6,847
8 Bedrooms$7,189

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
1BR $2,790 $290,818 0.96% C
2BR $3,440 $400,932 0.86% C
3BR $4,360 $689,145 0.63% D
4BR $4,880 $769,618 0.63% D
5BR $5,661 $925,227 0.61% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
33,155
Median Household Income
$115,364
Housing Units
10,796
Renter Percentage
27.3%
Occupancy Rate
97.3%
Renter Occupied
2,871

The Fair Market Rent (FMR) for ZIP code 91351, which includes Santa Clarita, CA, is set at $2,920 for fiscal year 2024. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It's important to note that this is not the amount you can charge for rent; rather, it's the maximum amount the government will pay on behalf of eligible tenants.

To put this into perspective, the Zillow Observed Rent Index (ZORI) for the same area currently stands at $3,033. This means that the average market rent in Santa Clarita is slightly higher than the Section 8 payment standard. However, landlords who participate in Section 8 can still make a profit by charging a portion of the rent directly to the tenant based on their income.

The demand for rentals in this area is strong, with 27.3% of residents being renters. This high percentage indicates a robust rental market, making it likely that there will be a steady pool of potential tenants interested in Section 8 vouchers. Additionally, the median home value in the area is approximately $723,456, which underscores the overall desirability and value of properties in Santa Clarita.

If you're considering your first Section 8 rental in ZIP 91351, one clear thing to verify before proceeding is whether your property meets the local housing quality standards required by the Section 8 program. These standards ensure that the property is safe, decent, and sanitary for tenants. Once you confirm that your property complies with these requirements, you can confidently move forward with the application process knowing that you're prepared to offer a suitable living 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.