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 code 91426, located within the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area, has a Fair Market Rent (FMR) of $2540 for fiscal year 2024. This figure is a key indicator of rental affordability in the area. To understand where 91426 stands relative to other ZIP codes in this large metro region, it's important to consider the broader context of housing costs.
In the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area, typical ZIP codes have higher FMRs, reflecting the overall expensive nature of the housing market. The lack of data on market rent and home value for 91426 suggests that it might be less tracked or analyzed compared to more prominent areas within the metro. However, the specific FMR figure of $2540 provides a clear benchmark for rental properties eligible under the Section 8 program.
The absence of a renter share percentage makes it challenging to definitively categorize 91426 as a value pocket, mid-tier neighborhood, or premium sub-market. Nonetheless, based on the FMR alone, we can infer that 91426 likely falls into the category of a value pocket within its larger metro area. This is because an FMR of $2540 is lower than what one would typically expect in the expansive and costly Los Angeles-Long Beach-Glendale metro region, which generally has higher average rents and home values.
To further substantiate this inference, landlords and small-portfolio investors should look at surrounding ZIP codes with available data to see if there is a consistent trend of higher FMRs and market rents. If so, this would confirm 91426's status as a relatively affordable area within the metro, making it potentially attractive for tenants seeking rental assistance through Section 8.
The lack of data on market rent and home value also points to a possible niche market, where Section 8 vouchers could play a significant role due to the lower FMR. This characteristic often signifies a sweet spot for Section 8 landlords, as it indicates an area where rental assistance is more likely to cover a substantial portion of the total rent, without the inflated market rates seen in more central or trendy neighborhoods.
Investors considering properties in 91426 should focus on understanding the local demand for affordable housing and the availability of Section 8 vouchers in the area. Given the limited data, it's crucial to conduct thorough research on comparable ZIP codes and consult with local real estate agents to gain a clearer picture of the rental landscape.
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.