Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,540 |
| 1 Bedroom | $2,840 |
| 2 Bedrooms | $3,500 |
| 3 Bedrooms | $4,440 |
| 4 Bedrooms | $4,970 |
| 5 Bedrooms | $5,765 |
| 6 Bedrooms | $6,457 |
| 7 Bedrooms | $6,974 |
| 8 Bedrooms | $7,323 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,840 | $337,212 | 0.84% | C |
| 2BR | $3,500 | $514,844 | 0.68% | D |
| 3BR | $4,440 | $785,455 | 0.57% | F |
| 4BR | $4,970 | $977,302 | 0.51% | F |
| 5BR | $5,765 | $1,115,352 | 0.52% | F |
U.S. Census Bureau data (2024)
Santa Clarita, CA, represented by ZIP code 91390, is situated within the larger Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 91390 in fiscal year 2024 is set at $3550. This figure is indicative of the rental market's baseline valuation for subsidized housing units.
Comparatively, the market rent for ZIP 91390 stands at $2,508, which is notably lower than the FMR. This suggests that there could be opportunities for landlords who can offer properties at or slightly above the market rate, but still within reach of tenants benefiting from Section 8 subsidies.
The median home value in ZIP 91390 is $924,625, placing it firmly in the higher echelons of property values within the broader Los Angeles-Long Beach-Glendale metro area. However, the renter share of the population in this ZIP code is only 13.4%, indicating a smaller proportion of residents who are likely to seek rental accommodations compared to other areas within the same metro region.
When considering these metrics, ZIP 91390 appears to be a premium sub-market within its metro area. Despite having a relatively low renter share, the high median home value suggests a robust local economy and desirability among homeowners. However, the discrepancy between the FMR and the market rent points towards a potential value pocket for those landlords willing to engage with Section 8 tenants, as they can potentially command rents closer to the FMR without significantly exceeding market rates.
A key observation is the divergence between the high home values and the lower renter share. While this does not necessarily indicate a Section 8 sweet spot, it does suggest that the area might attract a mix of income groups, including those eligible for housing assistance. Landlords and small-portfolio investors should consider the balance between FMR and market rent when setting their expectations for rental yields in this ZIP code.
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.