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 analysis of ZIP 91357, located within the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area, reveals several key points that are crucial for landlords and small-portfolio investors.
The rent math in ZIP 91357 does not provide a clear comparison due to the lack of available market rent data. The Fair Market Rent (FMR) set by HUD for this area is $2540 per month for fiscal year 2024. Without specific market rent figures, it's impossible to determine if this FMR aligns with what tenants are willing to pay.
Regarding the affordability of property acquisitions, the data is insufficient to make a definitive assessment. The median home value, days on market (DOM), and percentage of price cuts are all marked as 'N/A', indicating a lack of concrete information to evaluate the cost and ease of acquiring properties in this area.
Tenant demand can be gauged by looking at the population size and the percentage of renters. However, both these metrics are also listed as 'N/A', which means we cannot quantify the number of potential tenants or the proportion of the population that prefers renting over owning homes.
Verdict: ZIP 91357 presents an intriguing opportunity for investment, but the lack of specific data on market rents, median home values, days on market, price cut percentages, population size, and renter share makes it difficult to provide a comprehensive analysis. Investors should seek out detailed local market reports and consult with real estate professionals to fill in these gaps before making any decisions. The HUD Fair Market Rent of $2540 per month is a starting point, but without additional context, it's challenging to advise on the feasibility of rental operations or property acquisitions in this area.
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.