Section 8 Fair Market Rent (FMR) for ZIP 91367 - 2027

Investment Score for ZIP 91367

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	$3,220
1 Bedroom	$3,600
2 Bedrooms	$4,440
3 Bedrooms	$5,630
4 Bedrooms	$6,300
5 Bedrooms	$7,308
6 Bedrooms	$8,185
7 Bedrooms	$8,840
8 Bedrooms	$9,282

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	$3,600	$378,948	0.95%	C
2BR	$4,440	$553,194	0.8%	C
3BR	$5,630	$1,055,448	0.53%	F
4BR	$6,300	$1,362,715	0.46%	F
5BR	$7,308	$1,714,328	0.43%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 91367 (Los Angeles, CA) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 91367 in 2026 is set at $3870 for a two-bedroom unit. This figure represents 42.7% of the median household income in the area, which is $108,653. However, it is important to note that the actual rental market prices significantly exceed these FMRs. For instance, the Zillow median price for a two-bedroom unit in 91367 is $572,468, resulting in a price-to-FMR ratio of 12.3 times. This means that the actual rent for a two-bedroom unit is likely much higher than the FMR, making it challenging for Section 8 voucher holders to find suitable housing. The constraints faced by voucher holders include limited options due to the high cost of living and the fact that landlords may be hesitant to accept vouchers given the disparity between FMR and market rates. #### Affordability & Renter Profile ZIP code 91367 has a population of 45,889, with 54.6% of residents being renters. This indicates a significant demand for rental properties in the area. The occupancy rate stands at 93.2%, suggesting that the market is relatively tight, with few vacancies available. Given the median household income of $108,653, the majority of residents can afford market-rate rentals, but those relying on Section 8 vouchers will struggle to find affordable housing. The high rent-to-income ratio and the substantial difference between FMR and market prices make it difficult for low-income families to secure housing without significant financial strain. #### Investor Angle From an investor’s perspective, the ZIP code 91367 presents a mixed picture. While the actual market rents are significantly higher than the FMR, the FMR itself is still a reasonable amount. A two-bedroom unit at the FMR of $3870 would generate a decent cash flow for landlords willing to accept Section 8 vouchers. However, the investment grade for this ZIP code would be moderate due to the tight rental market and the potential difficulty in finding tenants who can pay the full FMR. Investors should consider the broader economic context and the likelihood of maintaining occupancy levels when evaluating the viability of accepting Section 8 vouchers. #### Specific Actionable Insights 1. **Targeting Higher-Rent Properties**: Given the high price-to-FMR ratio, investors might consider focusing on properties that can command higher rents. For example, a three-bedroom unit with an FMR of $4910 could potentially be rented out at a higher rate, providing better returns while still being accessible to some Section 8 voucher holders. 2. **Enhancing Property Value**: To attract both voucher holders and market-rate tenants, investors should consider enhancing the value of their properties through renovations or upgrades. This could help justify higher rents and improve the chances of securing long-term tenants. 3. **Negotiating with Landlords**: For voucher holders, negotiating with landlords to accept a slightly higher rent than the FMR could be beneficial. For instance, a two-bedroom unit at $4500 would still be below market rates but provide more flexibility for landlords compared to the FMR of $3870. #### Bottom Line For Section 8-focused investors, the recommendation for ZIP code 91367 is to **Hold**. The high market rents and tight occupancy rates suggest that the area is competitive and may not offer the best opportunities for immediate cash flow. However, the potential for higher rents and the ability to serve a significant portion of the rental market make it a viable option for long-term investment. Investors should carefully evaluate the local rental market dynamics and consider strategies to enhance property value and negotiate with tenants to ensure sustainable returns.

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.