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 |
ZIP 91412, located in Panorama City, CA, is a small-sized community with diverse demographics. It has a total population of 6,412 residents. This neighborhood is primarily a working-class area, with a median household income of $36,412. The median home value stands at $157,445, reflecting an affordable housing market.
The median rent in Panorama City is $990, significantly lower than the Fair Market Rent (FMR) for Section 8 vouchers, which is set at $2,540 for FY 2024. This discrepancy between market rents and FMR suggests a potential opportunity for landlords and small-portfolio investors to capitalize on the subsidy gap.
Given the data, Panorama City, CA is well-suited for both hands-off voucher operators and hands-on value-add buyers. The lower market rents compared to FMR mean that voucher holders can afford to live in properties with higher market values, making it attractive for hands-off operators who seek stable, government-backed rental income. Meanwhile, the relatively low median home value presents an opportunity for hands-on investors to acquire properties at a discount and potentially increase their value through renovations and improvements.
The overall livability score of 72 out of 100 indicates a good quality of life, supported by a below-average cost of living index of 59, which means your dollar stretches further here. This can translate to higher disposable income and improved quality of life for residents.
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.