Section 8 Fair Market Rent (FMR) for ZIP 91740 - 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 | $2,450 |
| 1 Bedroom | $2,730 |
| 2 Bedrooms | $3,370 |
| 3 Bedrooms | $4,280 |
| 4 Bedrooms | $4,780 |
| 5 Bedrooms | $5,545 |
| 6 Bedrooms | $6,210 |
| 7 Bedrooms | $6,707 |
| 8 Bedrooms | $7,042 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$99,083
Housing Authorities Serving ZIP 91740
- Housing Authority of the City of Los Angeles (Los Angeles, CA) - 53,428 Section 8 vouchers
- Los Angeles County Development Authority (Alhambra, CA) - 27,058 Section 8 vouchers
- City of Long Beach Housing Authority (Long Beach, CA) - 7,862 Section 8 vouchers
- Housing Authority of the City of Glendale (Glendale, CA) - 1,667 Section 8 vouchers
- Housing Authority of the City of Santa Monica (Santa Monica, CA) - 1,536 Section 8 vouchers
- City of Pasadena Housing Department (Pasadena, CA) - 1,525 Section 8 vouchers
- Housing Authority of the City of Inglewood (Inglewood, CA) - 1,201 Section 8 vouchers
- Housing Authority of the City of Pomona (Pomona, CA) - 1,119 Section 8 vouchers
- Housing Authority of the City of Burbank (Burbank, CA) - 1,047 Section 8 vouchers
- Housing Authority of the City of Baldwin Park (Baldwin Park, CA) - 913 Section 8 vouchers
To decide whether to invest in ZIP 91740 (Glendora, CA) for Section 8 properties, follow these steps:
- Step 1: Does FMR $2830 (zip FY 2024) clear debt service on a $818,320 property?
- Yes: If your debt service (including mortgage, taxes, insurance, and maintenance) is less than $2830 per month, then the Fair Market Rent (FMR) for ZIP 91740 can cover your expenses.
- No: If your debt service exceeds $2830 per month, then relying solely on Section 8 tenants will not be financially viable. You must seek additional income sources or consider other areas.
- Step 2: Is market rent $2,676 (ZORI) above, at, or below FMR?
- Above FMR: The ZORI of $2,676 is slightly below the FMR of $2830. This indicates that while you won't get the full FMR, you're still relatively close, which can support Section 8 investments.
- At or Below FMR: Since the ZORI is already below the FMR, this supports the viability of Section 8 properties in Glendora. Landlords can expect rents to align well with the FMR.
- Step 3: Are 36.0% renters + N/A-day DOM enough demand?
- It Depends: With 36.0% of the population being renters, there is a reasonable level of demand. However, the lack of data on Days on Market (DOM) makes it challenging to assess how quickly properties are rented. If the rental market is active and properties are leased rapidly, then the demand is sufficient. Otherwise, consider the potential for vacancies.
In summary, if your debt service is covered by the FMR of $2830 and the ZORI is competitive, Glendora's rental rate of 36.0% suggests a viable market for Section 8 properties. However, without DOM data, the speed of leasing cannot be determined, which impacts investment decisions.
Data Sources: FMR data from HUD (2027). 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.