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Los Angeles County/Covina/91723

91723

ZIPSAFMR
Los Angeles County, CA
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$1,940$1,970
1 BR$2,160$2,240
2 BR$2,670$2,790
3 BR$3,390$3,560
4 BR$3,790$4,030
5 BR$4,359Not available
6 BR$5,012Not available
7 BR$5,764Not available
8 BR$6,629Not available

Purchase Price Calculator

Maximum purchase price
$352,676

Cost breakdown

+Likely effective rent$2,790
HUD FMR$2,670
Market rent$2,850
Est. payment standard (104%)Used$2,790
-Principal and interest-$1,783
Loan amount$282,141
Down payment$70,535
Rate6.50%
Term30 years
-Operating costs-$807
Property taxes-$353
Insurance-$175
Utilities$0
HOA$0
Management-$279
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,426(63.0% ROI)
Projected value
$379,794
Return breakdown
Property appreciation+$27,118
Loan principal paid down+$10,108
Rental cash flow+$7,200
5-year hold
+$76,371(108.3% ROI)
Projected value
$399,021
Return breakdown
Property appreciation+$46,345
Loan principal paid down+$18,026
Rental cash flow+$12,000
10-year hold
+$165,732(235.0% ROI)
Projected value
$451,456
Return breakdown
Property appreciation+$98,779
Loan principal paid down+$42,953
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
0.95
2 BR
0.94
3 BR
0.93
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 91723 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 91723 (Covina, CA) is $2,670 a month. That is up 1.9% from $2,620 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, 91723 has the 398th-highest two-bedroom rent (county range $1,870–$4,450). The median county two-bedroom FMR in California is $1,725, so ZIP 91723 is 55% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 91723
BedroomsFY 2027Change90–110% range
Studio$1,940+3.2%$1,746–$2,134
1BR$2,160+2.9%$1,944–$2,376
2BR$2,670+1.9%$2,403–$2,937
3BR$3,390+2.1%$3,051–$3,729
4BR$3,790+2.4%$3,411–$4,169

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 91723
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,940$2,160$2,670$3,390$3,790
FY 2026$1,880$2,100$2,620$3,320$3,700
FY 2025$1,710$1,920$2,420$3,070$3,410
FY 2024$1,670$1,880$2,390$3,070$3,380
FY 2023$1,460$1,660$2,110$2,740$3,010

Two-bedroom rent in nearby Los Angeles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 91723
91711$3,390+27.0%
91714$2,960+10.9%
91715$2,960+10.9%
91716$2,960+10.9%
91722$3,120+16.9%
91723Current$2,670—
91724$3,260+22.1%
91731$2,600−2.6%
91732$2,690+0.7%
91733$2,490−6.7%
91734$2,960+10.9%
91735$2,960+10.9%

Questions about ZIP 91723 rents

How much will Section 8 pay for a two-bedroom in ZIP 91723?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,670, that basic range is $2,403 to $2,937 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 91723 in?

ZIP 91723 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 91723 for FY 2027?

The two-bedroom FMR rose 1.9%, from $2,620 in FY 2026 to $2,670 in FY 2027. Since FY 2023 it has risen 26.5%.

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