Section 8 Fair Market Rent (FMR) for ZIP 91735 - 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 |
A skeptical investor considering ZIP 91735 in California might have several valid concerns regarding the feasibility of investing in properties under the Section 8 program. Let's address these concerns with the available data.
- Will FMR $2,600 (metro FY 2026) cover the mortgage on a property? The Fair Market Rent (FMR) for ZIP 91735 is set at $2,600 for fiscal year 2026. However, without specific median home value data for the area, it's challenging to definitively state whether this amount will cover the mortgage on an average home. Investors should calculate their mortgage payments based on current interest rates and compare them against the FMR to ensure financial viability.
- Is there enough renter demand at the given rate? While the data does not provide specific figures for the percentage of renters in ZIP 91735, the presence of a set FMR suggests that there is sufficient demand for rental housing at this rate. The Section 8 program is designed to support areas where there is a need for affordable housing, indicating that the demand for rentals at $2,600 is likely met by those seeking assistance through the program.
- Will vouchers keep pace with market rents? The FMR of $2,600 is intended to reflect the market conditions in ZIP 91735. However, the data does not provide historical trends or projections for voucher amounts relative to market rents. To accurately gauge if vouchers will keep up with market rents, investors should monitor local rental price trends and any adjustments made to the FMR over time. This will help in understanding if the voucher payments will continue to align with the actual cost of renting a property in the area.
The data provided offers insights into the potential challenges and opportunities for landlords and small-portfolio investors in ZIP 91735. It's crucial to perform due diligence by examining current mortgage rates, local rental market trends, and the dynamics of the Section 8 voucher system 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.