FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR
0.93ratio
FMR$2,400
Market$2,590
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR
0.88ratio
FMR$2,960
Market$3,350
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR
0.77ratio
FMR$3,760
Market$4,910
vs market-$1,150
FMR is below market; voucher rent may lag private rents.
0.77
4 BR
4 BR
0.73ratio
FMR$4,200
Market$5,750
vs market-$1,550
FMR is below market; voucher rent may lag private rents.
0.73
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 90840 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 90840 (Long Beach, CA) is $2,960 a month. That is up 2.1% from $2,900 in FY 2026. Long Beach 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, 90840 is tied for the 174th-highest two-bedroom rent (county range $1,870–$4,450). The median county two-bedroom FMR in California is $1,725, so ZIP 90840 is 72% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 90840
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,080
$2,150
+3.4%
$1,935–$2,365
1BR
$2,330
$2,400
+3.0%
$2,160–$2,640
2BR
$2,900
$2,960
+2.1%
$2,664–$3,256
3BR
$3,680
$3,760
+2.2%
$3,384–$4,136
4BR
$4,090
$4,200
+2.7%
$3,780–$4,620
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 90840
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,150
$2,400
$2,960
$3,760
$4,200
FY 2026
$2,080
$2,330
$2,900
$3,680
$4,090
FY 2025
$1,860
$2,090
$2,630
$3,340
$3,710
FY 2024
$1,770
$2,000
$2,540
$3,260
$3,590
FY 2023
$1,530
$1,750
$2,220
$2,890
$3,170
Two-bedroom rent in nearby Los Angeles County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 90840?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,960, that basic range is $2,664 to $3,256 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 90840 in?
ZIP 90840 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 90840 for FY 2027?
The two-bedroom FMR rose 2.1%, from $2,900 in FY 2026 to $2,960 in FY 2027. Since FY 2023 it has risen 33.3%.
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