Section 8 Fair Market Rent (FMR) for ZIP 91767 - 2027

Investment Score for ZIP 91767

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,850
1 Bedroom	$2,070
2 Bedrooms	$2,550
3 Bedrooms	$3,240
4 Bedrooms	$3,620
5 Bedrooms	$4,199
6 Bedrooms	$4,703
7 Bedrooms	$5,079
8 Bedrooms	$5,333

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$2,070	$384,600	0.54%	F
2BR	$2,550	$563,251	0.45%	F
3BR	$3,240	$700,065	0.46%	F
4BR	$3,620	$763,666	0.47%	F
5BR	$4,199	$878,145	0.48%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 91767 (Pomona, CA) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 91767 is set by HUD for 2026 as follows: - 0BR: $1530 - 1BR: $1720 - 2BR: $2140 (which represents 32.4% of the median household income) - 3BR: $2710 - 4BR: $3020 These figures represent the maximum amount that a Section 8 voucher holder can pay for rent based on the size of the unit. However, the actual rents in the area are significantly higher. For instance, Zillow reports the median price for a 2BR home in Pomona as $565,127. This translates into a price-to-FMR ratio of approximately 22.0x, meaning that the market rent for a 2BR unit is likely to be around $47,080 per year ($565,127/12 * 22.0). This high ratio indicates that the actual rental market is far above the FMR levels. Consequently, voucher holders face significant constraints in finding suitable housing. The FMR for a 2BR unit is $2140, but landlords might demand much higher rents, making it difficult for voucher holders to find units within their budget. Additionally, the 32.4% of median income allocated towards a 2BR unit suggests that many residents are already stretched financially, which could limit their ability to cover additional costs beyond what the voucher covers. #### Affordability & Renter Profile ZIP code 91767 has a population of 49,152, with 46.9% of households being renters. The occupancy rate is quite high at 95.2%, indicating a tight rental market where available units are quickly occupied. Given the median household income of $79,245, the affordability of housing becomes a critical issue. The FMR for a 2BR unit at $2140 is only 32.4% of the median income, suggesting that housing is relatively affordable for those who qualify for Section 8 vouchers. However, the actual market rent is much higher, putting pressure on renters who do not have access to such subsidies. The high percentage of renters and the tight occupancy rate suggest that there is a strong demand for rental properties in the area. This demand is likely driven by the significant number of individuals and families who cannot afford to purchase homes due to the high median home price of $565,127. The tight market conditions also imply that there is little oversupply, and landlords have the upper hand in setting rental prices. #### Investor Angle From an investor’s perspective, the ZIP code 91767 presents both opportunities and challenges. The FMR for a 2BR unit is $2140, but the actual market rent is expected to be much higher, given the price-to-FMR ratio of 22.0x. This means that investors targeting Section 8 voucher holders would need to ensure that their rental properties are priced within the FMR guidelines to attract these tenants. However, the high price-to-FMR ratio also suggests that there is a potential for higher rental income if the property is rented to non-voucher holders. For example, a 2BR unit could command a monthly rent of approximately $47,080/12 = $3923.33, which is significantly higher than the FMR. This could make the ZIP code attractive for investors looking to maximize cash flow, although they would need to consider the competition from other landlords and the overall demand for rental properties. In terms of investment grade, the high occupancy rate and strong demand for rentals indicate a stable market. However, the challenge lies in balancing the desire for higher rental income with the need to comply with FMR guidelines for Section 8 voucher holders. Investors should carefully evaluate the local rental market dynamics and the potential for securing long-term tenancies with voucher holders. #### Specific Actionable Insights 1. **Focus on Units Within FMR Guidelines**: Investors should prioritize acquiring properties that can be rented within the FMR guidelines. For example, a 2BR unit priced at $2140 per month would be ideal for attracting Section 8 voucher holders. This strategy ensures compliance with HUD regulations and provides a steady stream of income. 2. **Consider Mixed-Income Properties**: Given the high price-to-FMR ratio, investors might consider developing mixed-income properties. This approach involves offering a portion of units at FMR rates for voucher holders while renting out other units at market rates. This diversifies the tenant base and maximizes overall rental income. 3. **Engage with Local Housing Authorities**: Building relationships with local housing authorities can provide valuable insights into the availability of Section 8 vouchers and the preferences of voucher holders. This can help investors tailor their offerings to meet the needs of this demographic and increase the likelihood of securing long-term tenancies. #### Bottom Line For Section 8-focused investors, ZIP code 91767 offers a challenging yet potentially rewarding market. The high demand for rentals and tight occupancy rate suggest a stable market, but the significant gap between FMR and actual market rents means that finding properties within FMR guidelines is crucial. Given the data, the recommendation is to **Hold** on existing investments if they are already within FMR guidelines and generating consistent cash flow. For new investments, focus on properties that can be rented at or below FMR levels to ensure compliance and attractiveness to voucher holders. Consider developing mixed-income properties to balance the financial pressures and take advantage of the broader rental market. In summary, Pomona, CA (ZIP 91767) is a market with high demand and limited supply, making it suitable for investors willing to navigate the complexities of Section 8 vouchers and the local rental landscape.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.