Section 8 Fair Market Rent (FMR) for ZIP 91355 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 91355

• Housing Authority of the City of Los Angeles (Los Angeles, CA) - 53,428 Section 8 vouchers
• Los Angeles County Development Authority (Alhambra, CA) - 27,058 Section 8 vouchers
• City of Long Beach Housing Authority (Long Beach, CA) - 7,862 Section 8 vouchers
• Housing Authority of the City of Glendale (Glendale, CA) - 1,667 Section 8 vouchers
• Housing Authority of the City of Santa Monica (Santa Monica, CA) - 1,536 Section 8 vouchers
• City of Pasadena Housing Department (Pasadena, CA) - 1,525 Section 8 vouchers
• Housing Authority of the City of Inglewood (Inglewood, CA) - 1,201 Section 8 vouchers
• Housing Authority of the City of Pomona (Pomona, CA) - 1,119 Section 8 vouchers
• Housing Authority of the City of Burbank (Burbank, CA) - 1,047 Section 8 vouchers
• Housing Authority of the City of Baldwin Park (Baldwin Park, CA) - 913 Section 8 vouchers

Santa Clarita, CA, located in ZIP code 91355, is a growing suburban area known for its family-friendly environment and proximity to Los Angeles. The real estate market here reflects a blend of affordability and accessibility, making it attractive for both tenants and investors.

• The Fair Market Rent (FMR) for ZIP 91355 in fiscal year 2024 is set at $3490, indicating the government's benchmark for rental prices.
• The market rent, as measured by Zillow's ZORI (Zillow Observed Rent Index), stands at $2,862, which is below the FMR but still represents a strong rental value.
• The median home value in Santa Clarita is $793,471, suggesting that the area has a mix of affordable and higher-end housing options.
• Renters make up 32.9% of the population, showing a significant demand for rental properties.
• The days on market (DOM) for rental listings average 16 days, indicating a brisk rental market where properties are quickly leased.
• The median household income is $115,640, providing a solid financial base for potential renters and supporting steady demand for housing.

Investors in Santa Clarita can expect a stable rental market driven by a substantial renter share and competitive rental rates. Despite the median home values being relatively high, the rental market remains robust, with short DOM periods reflecting quick occupancy. The gap between the ZORI and FMR also presents opportunities for landlords to adjust their pricing strategies while remaining within government guidelines. Overall, ZIP 91355 offers a promising investment landscape for those looking to enter the real estate market in this area.

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.