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 91386 presents a unique set of challenges and opportunities for landlords and small-portfolio investors. The median home value is currently unavailable, which suggests that the area may be less frequently tracked or has a limited number of sales transactions, indicating potential stability or low activity in the housing market.
A significant portion of listings in this ZIP code have been reduced, though the exact percentage is not available. This reduction in asking prices can imply that sellers are adjusting their expectations due to slower sales activity, a trend often seen when there is a shift towards a buyer's market. Coupled with the unreported median days on market (DOM), this points towards a scenario where properties might take longer to sell, further reinforcing the idea that buyers could have more leverage in negotiating prices.
On the rental side, the Fair Market Rent (FMR) for ZIP 91386 in fiscal year 2024 is reported at $2540, but the comparison to the current market rent is also unavailable. Assuming the FMR is reflective of the actual market conditions, it suggests that rents in the area are relatively stable and may provide a consistent income stream for landlords. However, without knowing the current market rent, it's difficult to assess whether rents are likely to increase or decrease relative to the FMR.
For long-term investors, the setup in ZIP 91386 does not clearly indicate strong appreciation potential based on the available data. The combination of potentially reduced home values and uncertain rental market dynamics implies that the focus should be on steady cash flow rather than rapid capital appreciation. This makes the area suitable for those looking to hold properties for extended periods, relying on rental income as the primary source of returns.
In summary, ZIP 91386 appears to be a market where pricing power is shifting towards buyers, with implications for both property values and rental yields. Landlords and small-portfolio investors should expect a stable but cautious market environment, where the emphasis is on maintaining solid occupancy rates and steady rental incomes rather than on speculative gains.
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.