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Los Angeles County/Cerritos/90703

90703

ZIPSAFMR
Los Angeles County, CA
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$3,230$2,100
1 BR$3,610$2,400
2 BR$4,450$3,010
3 BR$5,650$3,680
4 BR$6,320$4,850
5 BR$7,268Not available
6 BR$8,358Not available
7 BR$9,612Not available
8 BR$11,054Not available

Purchase Price Calculator

Maximum purchase price
$385,368

Cost breakdown

+Likely effective rent$3,010
HUD FMR$4,450
Market rentUsed$3,010
Est. payment standard (90%)$4,010
-Principal and interest-$1,949
Loan amount$308,295
Down payment$77,074
Rate6.50%
Term30 years
-Operating costs-$861
Property taxes-$385
Insurance-$175
Utilities$0
HOA$0
Management-$301
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,877(62.1% ROI)
Projected value
$414,999
Return breakdown
Property appreciation+$29,631
Loan principal paid down+$11,045
Rental cash flow+$7,200
5-year hold
+$82,338(106.8% ROI)
Projected value
$436,009
Return breakdown
Property appreciation+$50,641
Loan principal paid down+$19,697
Rental cash flow+$12,000
10-year hold
+$178,870(232.1% ROI)
Projected value
$493,304
Return breakdown
Property appreciation+$107,936
Loan principal paid down+$46,934
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.54
1 BR
1.50
2 BR
1.48
3 BR
1.54
4 BR
1.30
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 90703 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 90703 (Cerritos, CA) is $4,450 a month. That is up 2.3% from $4,350 in FY 2026. Cerritos is in the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 458 ZIP codes in Los Angeles County, 90703 is tied for the highest two-bedroom rent (county range $1,870–$4,450). The median county two-bedroom FMR in California is $1,725, so ZIP 90703 is 158% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 90703
BedroomsFY 2027Change90–110% range
Studio$3,230+3.5%$2,907–$3,553
1BR$3,610+3.4%$3,249–$3,971
2BR$4,450+2.3%$4,005–$4,895
3BR$5,650+2.4%$5,085–$6,215
4BR$6,320+2.9%$5,688–$6,952

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 90703
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,230$3,610$4,450$5,650$6,320
FY 2026$3,120$3,490$4,350$5,520$6,140
FY 2025$2,790$3,120$3,940$5,010$5,550
FY 2024$2,670$3,010$3,820$4,900$5,410
FY 2023$2,300$2,620$3,330$4,330$4,750

Two-bedroom rent in nearby Los Angeles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 90703
90701$3,450−22.5%
90702$2,960−33.5%
90703Current$4,450—
90704$3,090−30.6%
90706$2,840−36.2%
90707$2,960−33.5%
90710$2,430−45.4%
90711$2,960−33.5%
90712$3,620−18.7%
90713$4,060−8.8%
90714$2,960−33.5%
90715$3,400−23.6%

Questions about ZIP 90703 rents

How much will Section 8 pay for a two-bedroom in ZIP 90703?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $4,450, that basic range is $4,005 to $4,895 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 90703 in?

ZIP 90703 is in the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 90703 for FY 2027?

The two-bedroom FMR rose 2.3%, from $4,350 in FY 2026 to $4,450 in FY 2027. Since FY 2023 it has risen 33.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentCerritos, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources