Skip to main content
Loading page
Los Angeles County/Sherman Oaks/91423

91423

ZIPSAFMR
Los Angeles County, CA
Zillow

ZIP Investment Score

55Below average

095130300
BRFMR
Eff. Rent
0 BR$2,610$1,930
1 BR$2,910$2,400
2 BR$3,590$3,930
3 BR$4,550$5,010
4 BR$5,100$5,610
5 BR$5,865Not available
6 BR$6,745Not available
7 BR$7,756Not available
8 BR$8,920Not available

Purchase Price Calculator

Maximum purchase price
$522,080

Cost breakdown

+Likely effective rent$3,930
HUD FMR$3,590
Market rent$4,110
Est. payment standard (109%)Used$3,930
-Principal and interest-$2,640
Loan amount$417,664
Down payment$104,416
Rate6.50%
Term30 years
-Operating costs-$1,090
Property taxes-$522
Insurance-$175
Utilities$0
HOA$0
Management-$393
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$62,307(59.7% ROI)
Projected value
$562,223
Return breakdown
Property appreciation+$40,143
Loan principal paid down+$14,964
Rental cash flow+$7,200
5-year hold
+$107,290(102.8% ROI)
Projected value
$590,685
Return breakdown
Property appreciation+$68,606
Loan principal paid down+$26,685
Rental cash flow+$12,000
10-year hold
+$233,811(223.9% ROI)
Projected value
$668,306
Return breakdown
Property appreciation+$146,227
Loan principal paid down+$63,585
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.35
1 BR
1.21
2 BR
0.87
3 BR
0.77
4 BR
0.64
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 91423 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 91423 (Sherman Oaks, CA) is $3,590 a month. That is down 0.3% from $3,600 in FY 2026. Sherman Oaks 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, 91423 is tied for the 79th-highest two-bedroom rent (county range $1,870–$4,450). The median county two-bedroom FMR in California is $1,725, so ZIP 91423 is 108% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 91423
BedroomsFY 2027Change90–110% range
Studio$2,610+1.2%$2,349–$2,871
1BR$2,910+0.7%$2,619–$3,201
2BR$3,590−0.3%$3,231–$3,949
3BR$4,550−0.2%$4,095–$5,005
4BR$5,100+0.4%$4,590–$5,610

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 91423
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,610$2,910$3,590$4,550$5,100
FY 2026$2,580$2,890$3,600$4,560$5,080
FY 2025$2,270$2,550$3,210$4,080$4,520
FY 2024$2,200$2,480$3,150$4,040$4,460
FY 2023$1,950$2,220$2,820$3,660$4,020

Two-bedroom rent in nearby Los Angeles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 91423
91405$2,990−16.7%
91406$3,050−15.0%
91407$2,960−17.5%
91408$2,960−17.5%
91409$2,960−17.5%
91411$3,250−9.5%
91412$2,960−17.5%
91413$2,960−17.5%
91416$2,960−17.5%
91423Current$3,590—
91426$2,960−17.5%
91436$4,450+24.0%

Questions about ZIP 91423 rents

How much will Section 8 pay for a two-bedroom in ZIP 91423?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,590, that basic range is $3,231 to $3,949 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 91423 in?

ZIP 91423 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 91423 for FY 2027?

The two-bedroom FMR fell 0.3%, from $3,600 in FY 2026 to $3,590 in FY 2027. Since FY 2023 it has risen 27.3%.

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

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