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 91407 is a critical area for Section 8 tenants due to its high concentration of renters. While specific population figures and percentages are unavailable, the characteristics of the area suggest a strong reliance on rental housing, which aligns well with the needs of those utilizing housing vouchers.
Median household income data for ZIP 91407 is also not available, but it's essential to understand how this impacts the local rental market. Typically, in areas with lower median incomes, the percentage of income spent on rent increases. This dynamic can be seen when comparing the typical market rent to the Federal Market Rent (FMR).
The FMR for ZIP 91407 is set at $2540 for fiscal year 2024. This figure serves as a benchmark for what is considered a reasonable rent amount for the area. If we assume that the typical market rent is close to this FMR, then the average renter in this ZIP code would spend a significant portion of their income on housing.
To illustrate, if the median household income were hypothetically $50,000 per year, or approximately $4167 per month, a market rent of $2540 would consume about 61% of the monthly income. However, without concrete income figures, this remains speculative. What is clear is that the cost of living in 91407 is such that it requires a substantial share of one's income, making it particularly suitable for tenants who benefit from Section 8 vouchers.
A landlord in ZIP 91407 should anticipate tenants who rely heavily on housing assistance. These tenants will likely have a history of seeking subsidized housing and are accustomed to the requirements and regulations associated with Section 8 vouchers. They are typically committed to maintaining stable housing situations, which can provide long-term, reliable tenancy.
Given the high demand for rental properties and the prevalence of housing vouchers, landlords in 91407 must ensure they comply with HUD standards and are prepared to work with the local housing authority. This includes meeting property condition requirements and understanding the process of accepting voucher holders.
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.