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 |
A skeptical investor considering ZIP 91615 in North Hollywood, CA might have several concerns regarding the feasibility of investing in rental properties through Section 8. Here's a detailed look at these concerns based on available data.
Objection 1: Will FMR $2540 (zip FY 2024) cover the mortgage on a home?
The median home price for ZIP 91615 is currently unknown from the provided data. However, given the high cost of living in Los Angeles, it is likely that home prices are significantly higher than the national average. To determine if the FMR of $2540 will cover the mortgage, one needs to know the exact median home price. Without this figure, it's impossible to provide a definitive answer. Nevertheless, the FMR does represent the average rent for a particular area, which should be considered alongside typical mortgage costs to assess profitability.
Objection 2: Is there enough renter demand at N/A%?
The data indicates that there are 16,921 rentals listed on Trulia for ZIP 91615, suggesting a robust rental market. Additionally, the presence of 161 business delivery points in the ZIP code points to strong commercial activity, which often correlates with residential demand. While the exact percentage of renters in the area is not specified, the sheer number of rental listings suggests ample demand.
Objection 3: Will vouchers keep pace with market rents?
The official 2025 HUD SAFMR rent limits for ZIP 91615 indicate that the government aims to ensure that vouchers match the local market conditions. However, whether these vouchers will keep pace with the increasing market rents depends on the rate of inflation and rent growth in the area. As of 2025, the FMR is set to $2540, but future adjustments are necessary to maintain parity with rising market rents.
In summary, while the data does not fully resolve all objections, it does suggest that ZIP 91615 presents a viable opportunity for Section 8 investments due to its active rental market and the government's efforts to adjust voucher amounts. Further research into specific property values and rental trends is recommended to make informed investment decisions.
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.