Section 8 Fair Market Rent (FMR) for ZIP 93563 - 2027
Location: Los Angeles-Long Beach-Glendale, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,600 |
| 1 Bedroom | $1,740 |
| 2 Bedrooms | $2,150 |
| 3 Bedrooms | $2,780 |
| 4 Bedrooms | $3,220 |
| 5 Bedrooms | $3,735 |
| 6 Bedrooms | $4,183 |
| 7 Bedrooms | $4,518 |
| 8 Bedrooms | $4,744 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
Housing Authorities Serving ZIP 93563
- Housing Authority of the City of Los Angeles (Los Angeles, CA) - 53,428 Section 8 vouchers
- Los Angeles County Development Authority (Alhambra, CA) - 27,058 Section 8 vouchers
- City of Long Beach Housing Authority (Long Beach, CA) - 7,862 Section 8 vouchers
- Housing Authority of the City of Glendale (Glendale, CA) - 1,667 Section 8 vouchers
- Housing Authority of the City of Santa Monica (Santa Monica, CA) - 1,536 Section 8 vouchers
- City of Pasadena Housing Department (Pasadena, CA) - 1,525 Section 8 vouchers
- Housing Authority of the City of Inglewood (Inglewood, CA) - 1,201 Section 8 vouchers
- Housing Authority of the City of Pomona (Pomona, CA) - 1,119 Section 8 vouchers
- Housing Authority of the City of Burbank (Burbank, CA) - 1,047 Section 8 vouchers
- Housing Authority of the City of Baldwin Park (Baldwin Park, CA) - 913 Section 8 vouchers
To determine if you should buy in ZIP code 93563 for Section 8 purposes, follow this decision tree:
- Does FMR $2220 (zip FY 2024) clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not purchase for Section 8. The Fair Market Rent (FMR) does not cover your costs.
- Is market rent above, at, or below FMR?
- If market rent is above $2220: It depends. Consider the vacancy rates and whether the difference between market rent and FMR can be bridged by the Section 8 voucher.
- If market rent is at or below $2220: Proceed to the next question.
- Are 0.0% renters and N/A-day days on the market (DOM) enough demand?
- If there is significant demand (renters percentage is non-zero and DOM is reasonable): Yes, consider purchasing. There is enough tenant interest to fill vacancies promptly.
- If there is no demand (0.0% renters and high DOM): No, do not purchase. There isn't sufficient tenant interest to ensure timely occupancy.
Note that the data provided indicates a 0.0% renters rate and an unspecified number of days on the market, which suggests a lack of demand for rentals in ZIP 93563. Additionally, the Fair Market Rent of $2220 must be compared against your debt service costs to determine if it's feasible to operate under Section 8 guidelines. Lastly, without specific market rent figures, it's difficult to assess how competitive rental prices are relative to the FMR.
Data Sources: FMR data from HUD (2027). 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.