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 real estate landscape in ZIP 91365 presents a unique set of conditions that both landlords and small-portfolio investors must consider when evaluating their investment strategies. The median home value in the area is currently unavailable, which suggests that there might be limited data on recent sales or appraisals. This lack of information can indicate either a stable market where home values haven't fluctuated significantly, or it could point to a less active market with fewer transactions.
Additionally, the percentage of listings that have been reduced and the median days on market (DOM) are also not available. Typically, a high percentage of reduced listings and a longer DOM would signal a buyer's market, where sellers might need to adjust their asking prices to attract buyers. Conversely, if these metrics were low, it would suggest a seller's market with strong pricing power. Given the absence of this data, it's prudent to assume that the market is relatively balanced, but further investigation into local trends is necessary to confirm this assumption.
On the rental side, the Fair Market Rent (FMR) for ZIP 91365 as of the fiscal year 2024 is $2540. Without comparative data on the current market rent, it's challenging to assess whether the FMR is higher or lower than typical rents. However, if the FMR accurately reflects the market, it indicates that rental properties in this area are likely to maintain their current pricing levels, assuming no significant changes in supply or demand.
For long-term investors, the setup in ZIP 91365 does not clearly indicate a strong appreciation thesis based on the provided data. The lack of median home value and other key metrics suggests that while the area may offer steady returns through rental income, the potential for rapid capital appreciation is uncertain. Investors should focus on the stability of rental income and consider diversifying their portfolios to include areas with clearer growth indicators.
To make informed decisions, landlords and small-portfolio investors should stay vigilant about upcoming economic reports and local real estate trends. Engaging with local real estate agents and reviewing recent sales data can provide insights into the direction of home values and help refine investment strategies accordingly.
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.