Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,150 |
| 1 Bedroom | $2,400 |
| 2 Bedrooms | $2,960 |
| 3 Bedrooms | $3,760 |
| 4 Bedrooms | $4,200 |
| 5 Bedrooms | $4,872 |
| 6 Bedrooms | $5,457 |
| 7 Bedrooms | $5,894 |
| 8 Bedrooms | $6,189 |
The ZIP code 91353, located in Sun Valley, CA, is part of the larger Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. As a Section 8 real-estate analyst, 91353 can serve as a cash-flow anchor within a portfolio strategy. This is due to the Federal Market Rent (FMR) for the area being set at $2540 for fiscal year 2024. While there is no direct demographic data available for ZIP code 91353, given its location within the broader Los Angeles metropolitan area, it is likely that the rental market is robust and stable.
The surrounding areas such as Burbank, San Fernando, and La Crescenta-Montrose have diverse populations and economies, suggesting that 91353 could benefit from the same stability. Although the market data and median home values are not directly available for 91353, the nearby neighborhoods offer a strong indication of the area's economic health and demand for rental properties. Landlords and small-portfolio investors should consider the high demand for affordable housing in the region, which aligns well with the FMR set by HUD.
In conclusion, ZIP code 91353 can be a reliable cash-flow anchor for a Section 8 portfolio, providing consistent rental income based on the established FMR of $2540. Its proximity to economically vibrant cities further supports this strategy.
Data Sources: FMR data from HUD (2027).
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.