Section 8 Fair Market Rent (FMR) for ZIP 93586 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 93586, located in Los Angeles-Long Beach-Glendale County, has a unique set of characteristics that distinguish it from other areas within the region. However, due to the lack of specific data points such as the number of residents, percentage of renters, median income, and median home value, a detailed analysis of these aspects is currently unavailable.

Moving on to the voucher economics, the Fair Market Rent (FMR) for ZIP 93586 for fiscal year 2024 is set at $2540. This figure represents the maximum amount that landlords can charge tenants who receive Section 8 housing assistance. In comparison to the local market rent, which is also currently marked as N/A, the FMR provides a benchmark for rental pricing in subsidized housing.

The absence of precise market rent data makes it challenging to assess the immediate economic impact of Section 8 vouchers on landlords and small-portfolio investors in ZIP 93586. Nevertheless, the established FMR can be used to negotiate rental rates with tenants who have vouchers, ensuring that landlords are compensated fairly while still providing affordable housing options.

Given the limited data available, it is difficult to determine whether the overall data signature for ZIP 93586 indicates a stable or transitional market. To make an informed decision, further research into recent trends in population growth, rental rates, and property values would be necessary.

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.