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 |
The ZIP code 91715 in Los Angeles-Long Beach-Glendale County stands out due to the lack of comprehensive demographic data, which includes the number of residents, the percentage of renters, median income, and median home value. This scarcity of information can be attributed to various factors such as recent changes in the area or limitations in data collection.
Despite the absence of detailed local housing market data, the Fair Market Rent (FMR) for the ZIP code 91715 has been established at $2540 for fiscal year 2024. This figure is critical for Section 8 landlords and small-portfolio investors as it sets the benchmark for rental rates that can be charged under the program. The FMR is higher than many other areas in the county, reflecting the overall cost of living in the region.
While the market rent for the area is listed as N/A, the FMR provides a clear guideline for landlords participating in the Section 8 program. It ensures that rental units are affordable for low-income families while also providing a fair return to landlords. For small-portfolio investors, understanding the FMR is essential for pricing their rental units appropriately and attracting tenants who qualify for the Section 8 voucher program.
The data signature for ZIP 91715 reads as transitional. The lack of specific economic indicators suggests that the area might be undergoing changes, whether in terms of population dynamics, housing stock, or economic shifts. Landlords and investors should monitor the evolving landscape closely, as new developments could impact the local housing market and the demand for Section 8 properties.
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.