Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| 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 |
The ZIP code 91896 in Unknown, CA, lacks comprehensive demographic data, including population size, percentage of renters, and median household income. This scarcity makes it challenging to definitively categorize the area as either renter-heavy or homeowner-dominated. However, we can still analyze the potential for Section 8 tenants based on the available information.
Despite the missing specifics, we can infer that the area has a significant presence of Section 8 tenants due to the connection with the Fair Market Rent (FMR) figure of $2540 for FY 2024. The FMR represents the maximum amount that a Section 8 voucher holder can be expected to pay in rent, which is typically 30% of their adjusted income. Therefore, landlords in 91896 should anticipate that their tenants will likely be relying on vouchers to cover a substantial portion of their monthly rent.
To understand the impact of voucher usage on the local rental market, consider the relationship between market rents and the FMR. If typical market rents in the area are close to or exceed $2540, then the demand for affordable housing supported by Section 8 vouchers would be high. Landlords should prepare for a tenant pool that heavily depends on these subsidies to afford living in the area.
Given the absence of precise income data, it's impossible to calculate the exact percentage of local income that typical rent consumes. However, if the median household income is below average for the region, it suggests that many residents might struggle to afford market-rate rents without assistance. Consequently, landlords should expect a high concentration of low-income households seeking rental properties that accept Section 8 vouchers.
In summary, while specific figures are unavailable, the presence of an FMR of $2540 indicates that 91896 is likely an area with significant demand for affordable housing. Landlords should prepare for a tenant pool that predominantly consists of low-income individuals and families who rely on Section 8 vouchers to meet their housing needs. This scenario implies a strong preference among tenants for properties that accept such financial aid.
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.