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 | $2,530 |
| 1 Bedroom | $2,820 |
| 2 Bedrooms | $3,480 |
| 3 Bedrooms | $4,420 |
| 4 Bedrooms | $4,940 |
| 5 Bedrooms | $5,730 |
| 6 Bedrooms | $6,418 |
| 7 Bedrooms | $6,931 |
| 8 Bedrooms | $7,278 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,480 | $625,914 | 0.56% | F |
| 3BR | $4,420 | $835,187 | 0.53% | F |
| 4BR | $4,940 | $1,029,645 | 0.48% | F |
| 5BR | $5,730 | $1,297,709 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 91773, located in San Dimas, CA, presents a dynamic housing market with clear indications of both supply and demand pressures. The Fair Market Rent (FMR) for the area, set at $3,090 for fiscal year 2024, is notably higher than the actual market rent, which stands at $2,817 according to the Zillow Observed Rent Index (ZORI). This suggests that the rental market may be slightly undersupplied, as landlords and property owners adjust their rents below the government-set benchmark to attract tenants.
The low price-cut share of 0.2% indicates that sellers are generally not feeling pressured to reduce asking prices, implying that demand remains steady or slightly exceeds supply. While the days on market (DOM) is listed as N/A, the median home value of $922,501 provides insight into the robustness of the homeownership segment. This figure is likely influenced by the strong local economy and desirability of the area, contributing to stable home values.
The 27.7% renter share in San Dimas reveals a significant portion of the population preferring or needing to rent rather than buy. This high percentage of renters can exert long-term upward pressure on rental rates due to sustained demand. As more residents seek rental properties, it could lead to increased competition among tenants, potentially driving up rents over time. However, the current FMR being above the market rent also points to a possible ceiling effect, where rents may struggle to rise further without additional market stimuli.
In summary, ZIP 91773 operates under a delicate balance between supply and demand, with slight indications favoring demand. The rental market is influenced by a substantial number of renters, while the homeownership market maintains stability through relatively high median home values. These factors contribute to a market in motion, continually adjusting to the interplay of economic conditions and resident preferences.
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.