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Los Angeles County/Covina/91722

91722

ZIPSAFMR
Los Angeles County, CA
Zillow

ZIP Investment Score

81Below average

095130300
BRFMR
Eff. Rent
0 BR$2,260$1,900
1 BR$2,530$2,230
2 BR$3,120$2,740
3 BR$3,960$3,500
4 BR$4,430$4,060
5 BR$5,095Not available
6 BR$5,859Not available
7 BR$6,737Not available
8 BR$7,748Not available

Purchase Price Calculator

Maximum purchase price
$345,246

Cost breakdown

+Likely effective rent$2,740
HUD FMR$3,120
Market rentUsed$2,740
Est. payment standard (92%)$2,870
-Principal and interest-$1,746
Loan amount$276,197
Down payment$69,049
Rate6.50%
Term30 years
-Operating costs-$794
Property taxes-$345
Insurance-$175
Utilities$0
HOA$0
Management-$274
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,642(63.2% ROI)
Projected value
$371,793
Return breakdown
Property appreciation+$26,546
Loan principal paid down+$9,895
Rental cash flow+$7,200
5-year hold
+$75,015(108.6% ROI)
Projected value
$390,615
Return breakdown
Property appreciation+$45,368
Loan principal paid down+$17,646
Rental cash flow+$12,000
10-year hold
+$162,746(235.7% ROI)
Projected value
$441,945
Return breakdown
Property appreciation+$96,698
Loan principal paid down+$42,048
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.19
1 BR
1.13
2 BR
1.14
3 BR
1.13
4 BR
1.09
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 91722 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 91722 (Covina, CA) is $3,120 a month. That is up 3.3% from $3,020 in FY 2026. Covina 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, 91722 has the 150th-highest two-bedroom rent (county range $1,870–$4,450). The median county two-bedroom FMR in California is $1,725, so ZIP 91722 is 81% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 91722
BedroomsFY 2027Change90–110% range
Studio$2,260+4.6%$2,034–$2,486
1BR$2,530+4.5%$2,277–$2,783
2BR$3,120+3.3%$2,808–$3,432
3BR$3,960+3.4%$3,564–$4,356
4BR$4,430+4.0%$3,987–$4,873

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 91722
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,260$2,530$3,120$3,960$4,430
FY 2026$2,160$2,420$3,020$3,830$4,260
FY 2025$1,920$2,150$2,710$3,440$3,820
FY 2024$1,870$2,110$2,670$3,420$3,780
FY 2023$1,620$1,850$2,350$3,050$3,350

Two-bedroom rent in nearby Los Angeles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 91722
91711$3,390+8.7%
91714$2,960−5.1%
91715$2,960−5.1%
91716$2,960−5.1%
91722Current$3,120—
91723$2,670−14.4%
91724$3,260+4.5%
91731$2,600−16.7%
91732$2,690−13.8%
91733$2,490−20.2%
91734$2,960−5.1%
91735$2,960−5.1%

Questions about ZIP 91722 rents

How much will Section 8 pay for a two-bedroom in ZIP 91722?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,120, that basic range is $2,808 to $3,432 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 91722 in?

ZIP 91722 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 91722 for FY 2027?

The two-bedroom FMR rose 3.3%, from $3,020 in FY 2026 to $3,120 in FY 2027. Since FY 2023 it has risen 32.8%.

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