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 | $1,970 |
| 1 Bedroom | $2,200 |
| 2 Bedrooms | $2,720 |
| 3 Bedrooms | $3,450 |
| 4 Bedrooms | $3,860 |
| 5 Bedrooms | $4,478 |
| 6 Bedrooms | $5,015 |
| 7 Bedrooms | $5,416 |
| 8 Bedrooms | $5,687 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,720 | $601,441 | 0.45% | F |
| 3BR | $3,450 | $771,725 | 0.45% | F |
| 4BR | $3,860 | $919,998 | 0.42% | F |
| 5BR | $4,478 | $1,056,945 | 0.42% | F |
U.S. Census Bureau data (2024)
ZIP code 93510, located in Acton, CA, is positioned within the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. Its Fair Market Rent (FMR) for FY 2024 is set at $2,450, which is lower than the average market rent of $3,056. This suggests that properties in 93510 are somewhat undervalued compared to the broader metro area's rental market. The median home value in 93510 stands at $851,423, indicating a relatively expensive housing market within the zip code.
The renter share in 93510 is 9.8%, which is notably lower than many other ZIP codes within the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. Typically, ZIP codes with higher renter shares tend to have more affordable home values, but 93510 diverges from this pattern. Despite having a low renter share, the home values are quite high, suggesting that it is not a traditional value pocket for Section 8 participants. Instead, it leans more towards being a mid-tier neighborhood, offering a balance between affordability and quality of living.
However, the discrepancy between the FMR ($2,450) and the market rent ($3,056) indicates that there might be an opportunity for landlords who can offer units at or near the FMR rate. This could make 93510 attractive for those seeking to participate in the Section 8 program, as it offers a chance to provide affordable housing without necessarily competing in the lowest-cost bracket.
To conclude, ZIP 93510 is best characterized as a mid-tier neighborhood within the larger Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. It does not represent a value pocket due to its high home values, nor is it a premium sub-market given its below-average market rents. However, its lower FMR relative to market rates makes it a potential sweet spot for landlords interested in the Section 8 program, especially if they can offer units close to the FMR rate.
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.