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 | $2,210 |
| 1 Bedroom | $2,470 |
| 2 Bedrooms | $3,050 |
| 3 Bedrooms | $3,870 |
| 4 Bedrooms | $4,330 |
| 5 Bedrooms | $5,023 |
| 6 Bedrooms | $5,626 |
| 7 Bedrooms | $6,076 |
| 8 Bedrooms | $6,380 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,050 | $781,565 | 0.39% | F |
| 3BR | $3,870 | $1,093,568 | 0.35% | F |
| 4BR | $4,330 | $1,331,948 | 0.33% | F |
| 5BR | $5,023 | $1,756,228 | 0.29% | F |
U.S. Census Bureau data (2024)
The ZIP code 91401 in Los Angeles, CA, presents a dynamic rental market. With a Fair Market Rent (FMR) set at $2530 for fiscal year 2024, it closely aligns with the market rent indicator, ZORI, which stands at $2,630. This suggests that the rental prices are in line with what the government deems fair, indicating a balanced market. However, the low price-cut share of 0.2% points towards a slight edge in favor of landlords, as very few properties are being discounted to attract tenants.
A median home value of $1,110,791 underscores the high cost of homeownership in this area, likely contributing to the high renter share of 66.7%. This significant proportion of renters implies continuous pressure on the rental market, as affordability issues prevent many residents from transitioning into homeownership. The high renter share also signals that the area might be experiencing a trend where demand for rentals is strong, possibly due to the influx of new residents who find homeownership unattainable given the current property values.
In a snapshot, the market appears to be one where demand meets supply fairly well, but the underlying dynamics suggest a potential for increased competition among renters. Landlords and small-portfolio investors should be aware that while the current pricing is stable, the long-term pressure from a large renter population could lead to sustained interest in rental properties, making it a viable investment area.
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.