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 | $2,920 |
| 1 Bedroom | $3,270 |
| 2 Bedrooms | $4,030 |
| 3 Bedrooms | $5,110 |
| 4 Bedrooms | $5,720 |
| 5 Bedrooms | $6,635 |
| 6 Bedrooms | $7,431 |
| 7 Bedrooms | $8,025 |
| 8 Bedrooms | $8,426 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,270 | $666,852 | 0.49% | F |
| 2BR | $4,030 | $988,653 | 0.41% | F |
| 3BR | $5,110 | $1,198,475 | 0.43% | F |
| 4BR | $5,720 | $1,379,345 | 0.41% | F |
| 5BR | $6,635 | $1,646,598 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 91505 in Burbank, CA, is decidedly renter-heavy, with 56.3% of its population renting their homes. This high percentage of renters indicates a robust demand for rental properties, including those that accept Section 8 housing vouchers. Given the median household income of $109,953, the typical market rent of $3,076 represents approximately 28.0% of the average monthly income.
To put this into perspective, the Fair Market Rent (FMR) for ZIP 91505 is set at $3,370 for fiscal year 2024, which is slightly higher than the current market rent. This suggests that the rental market is already pricing close to the federal guidelines, leaving little room for significant increases without potentially deterring voucher holders.
In terms of tenant profiles, landlords in 91505 can expect a mix of low-income families and individuals who rely on Section 8 vouchers to meet their housing needs. These tenants will be looking for affordable options within the constraints of their vouchers, making it important for landlords to ensure their properties are well-maintained and up to code to attract these renters. Additionally, given the proximity of the market rent to the FMR, landlords should be prepared to offer competitive amenities and services to stand out in the local rental market.
The high proportion of renters in 91505 also means there's a larger pool of potential Section 8 tenants compared to areas with fewer renters. Landlords should consider the local demographics and tailor their property offerings accordingly to maximize occupancy and satisfaction among this segment of the population.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.