Section 8 Fair Market Rent (FMR) for ZIP 91617 - 2027

Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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

The ZIP code 91617, located in California, represents a unique blend of suburban living and proximity to urban amenities. This area is particularly interesting for real-estate investors due to its diverse population and potential for rental properties.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 91617 for fiscal year 2024 is set at $2540. This figure provides a benchmark for rental pricing in the area.
Market rent data is currently unavailable for this ZIP code, which makes it challenging to compare against the FMR and gauge the local rental market's competitiveness.
The median home value is also not available, indicating a lack of comprehensive data on the overall housing market in 91617.
Renter share information is missing, leaving us unable to determine the proportion of renters versus homeowners in the area.
Average days on market (DOM) for rental listings is not available, which would typically indicate how quickly properties are rented out in the area.
Data on median income is similarly unavailable, which is crucial for understanding the economic profile of the residents and their ability to afford the rents.

In summary, while the Fair Market Rent for 91617 offers a clear guideline for pricing rental units, the absence of other key metrics such as market rent, median home value, and demographic information like renter share and median income presents significant gaps in assessing the full potential of the area for real- estate investment. Landlords and small-portfolio investors should consider these limitations when evaluating the market and be prepared to conduct additional research to fill in these data gaps.

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.