Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,480 |
| 1 Bedroom | $2,770 |
| 2 Bedrooms | $3,420 |
| 3 Bedrooms | $4,340 |
| 4 Bedrooms | $4,860 |
| 5 Bedrooms | $5,638 |
| 6 Bedrooms | $6,315 |
| 7 Bedrooms | $6,820 |
| 8 Bedrooms | $7,161 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,770 | $413,986 | 0.67% | D |
| 2BR | $3,420 | $565,764 | 0.6% | D |
| 3BR | $4,340 | $873,190 | 0.5% | F |
| 4BR | $4,860 | $1,044,772 | 0.47% | F |
| 5BR | $5,638 | $1,413,937 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 91750, located in La Verne, California, presents an interesting scenario for both renters and landlords. The median household income in this area stands at $104,195, which might initially suggest a strong ability to pay high rents. However, when considering the market rate rent, or ZORI, of $2,821, the picture becomes more nuanced.
Comparatively, the Fair Market Rent (FMR) for ZIP 91750, set at $2,760 for fiscal year 2024, closely aligns with the ZORI. This indicates that while market rates are slightly higher, they are not significantly out of reach for households receiving housing vouchers. Given these figures, a household earning the median income could afford the market rate rent without substantial financial strain, assuming other expenses remain reasonable.
The ZIP code has a rental population of 30.5%, with a total population of 32,692. This means there are approximately 9,977 renters in La Verne. Despite the relatively high median income, the affordability gap between the median income and the ZORI suggests that a portion of these renters may still struggle to find affordable housing without assistance. For landlords, this means competition could be fierce for both voucher and cash-paying tenants.
In conclusion, landlords in La Verne should consider the benefits of accepting housing vouchers. While cash-paying tenants might offer a smoother rental process, the FMR is nearly equal to the ZORI, making voucher payments a viable option. Accepting vouchers can help landlords fill vacancies more quickly and tap into a segment of the rental market that might otherwise be unable to afford the local rental rates.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.