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 |
ZIP code 91380 falls within the larger Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 91380 in fiscal year 2024 is set at $2540. This figure can be used to gauge rental pricing for subsidized housing units.
Compared to other ZIP codes within the same metro area, the lack of specific market rent and home value data for 91380 makes direct comparisons challenging. However, we can infer some characteristics based on the available information. The FMR of $2540 suggests that 91380 could be considered a mid-tier neighborhood within the metro area, as it is neither the highest nor the lowest rent in the region.
The absence of market rent data might indicate that the rental market in 91380 is less active compared to other areas, which could be due to various factors such as lower population density or fewer rental properties. Similarly, the lack of home value data implies that there may not be enough recent sales data to provide an accurate average home value, possibly suggesting limited residential transactions or a predominantly rental-based market.
The unknown percentage of renter share also limits our ability to fully assess the ZIP code's characteristics. Typically, a higher renter share combined with below-average home values can signal a favorable location for Section 8 tenants. However, without the specific renter share percentage, we cannot definitively conclude if 91380 represents a sweet spot for Section 8 properties.
To determine if 91380 is a value pocket or a premium sub-market, additional data points such as rental vacancy rates, local employment trends, and school quality would be necessary. For now, based on the FMR alone, 91380 appears to be a mid-tier neighborhood within the broader Los Angeles-Long Beach-Glendale, CA HUD Metro FMR 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.