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 | $2,250 |
| 1 Bedroom | $2,510 |
| 2 Bedrooms | $3,100 |
| 3 Bedrooms | $3,930 |
| 4 Bedrooms | $4,400 |
| 5 Bedrooms | $5,104 |
| 6 Bedrooms | $5,716 |
| 7 Bedrooms | $6,173 |
| 8 Bedrooms | $6,482 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,510 | $806,569 | 0.31% | F |
| 2BR | $3,100 | $1,040,613 | 0.3% | F |
| 3BR | $3,930 | $1,244,489 | 0.32% | F |
| 4BR | $4,400 | $1,433,325 | 0.31% | F |
| 5BR | $5,104 | $1,656,934 | 0.31% | F |
U.S. Census Bureau data (2024)
The ZIP code 91506, located in Burbank, California, stands out within Los Angeles County due to its unique demographic and economic characteristics. With a population of 18,612 residents, 40.6% of whom are renters, it reflects a significant demand for rental properties. The median household income in this area is $105,955, indicating a relatively affluent community. However, the median home value of $1,222,368 highlights the high cost of homeownership, which further emphasizes the importance of rental options for many.
In terms of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 91506 in fiscal year 2024 is set at $2,680. This figure is notably higher than the market rent, measured by the Zillow Observed Rent Index (ZORI), which is currently at $2,357. This discrepancy suggests that landlords participating in the Section 8 program can expect slightly higher rents compared to the local market average, making it an attractive option for those willing to navigate the administrative requirements of the program.
Based on the available data, the ZIP code 91506 appears to be stable. Its demographics indicate a consistent need for both rental and ownership housing, supported by a strong median income. The slight increase in FMR over the market rent also points towards a balanced market where Section 8 participation can offer steady, if not slightly above-average, returns for landlords. This stability is crucial for small-portfolio investors looking for reliable long-term investments.
To summarize, ZIP 91506 offers a blend of affordability for renters and profitability for landlords through Section 8 vouchers. The higher FMR compared to the market rent provides a financial incentive for property owners to consider the program, while the overall economic indicators suggest a stable environment for investment.
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.