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 ZIP code 91394 in the Los Angeles-Long Beach-Glendale County area presents an interesting scenario for Section 8 investors. The HUD Fair Market Rent (FMR) for this region in fiscal year 2024 is set at $2540. However, due to the lack of available market rent data, it's challenging to make a direct comparison. Assuming that the market rent is around the HUD FMR, voucher tenants would likely cashflow at the FMR rate, but this depends on the specific property conditions and management practices.
The median home value in the area is not provided, which makes deriving a precise rent-to-price ratio difficult. However, given the high cost of living in the Los Angeles metropolitan area, it's reasonable to infer that the rent-to-price ratio would be favorable for rental properties, especially those under Section 8 contracts. This suggests that rental income could be a significant portion of the overall property value, making investment in this area attractive for steady, predictable returns.
While the days-on-market (DOM) and the percentage of homes that had their prices cut are not specified, these metrics can be crucial in understanding the local real estate market dynamics. If the DOM is relatively short and the price-cut share is low, it indicates a robust housing market where demand outstrips supply, benefiting landlords and investors with stable occupancy rates and reduced vacancy risks.
In conclusion, the strongest angle for Section 8 investors in ZIP 91394 is likely stability. With a predictable HUD FMR and the potential for strong rent-to-price ratios, investors can expect consistent cash flows and a reliable tenant base, making this area ideal for those seeking long-term, stable investments in the real estate market.
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.