Location: Riverside-San Bernardino-Ontario, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,870 |
| 1 Bedroom | $2,040 |
| 2 Bedrooms | $2,520 |
| 3 Bedrooms | $3,250 |
| 4 Bedrooms | $3,770 |
| 5 Bedrooms | $4,373 |
| 6 Bedrooms | $4,898 |
| 7 Bedrooms | $5,290 |
| 8 Bedrooms | $5,555 |
U.S. Census Bureau data (2024)
The ZIP code 91759 is primarily a homeowner-dominated area, with only 13.7% of the population being renters. This indicates that there is not a heavy concentration of potential Section 8 tenants in this region. The median household income stands at $122,583, which is notably higher than the average income level typically associated with Section 8 eligibility. Section 8 vouchers are designed to assist low-income families, and the income threshold for eligibility is often much lower than the median income in this ZIP.
In the context of rental prices, the typical market rent of $1,667 represents approximately 13.6% of the median household income. This suggests that even without financial assistance, the majority of residents could afford the current rental rates comfortably. However, it's important to note that the Fair Market Rent (FMR) for the area is set at $2,120 for FY 2024, indicating that the market rent is below the FMR, which may be advantageous for landlords seeking to attract Section 8 tenants who have a voucher that covers up to the FMR amount.
The kind of tenant profile a landlord in this ZIP code should expect includes individuals or families who may have a slightly above-average need for financial assistance due to lower-than-average income levels relative to the median. While the overall number of renters is relatively low, the presence of Section 8 vouchers can still provide a steady stream of tenants willing to pay a portion of their income towards rent, with the remainder subsidized by the government. Landlords must ensure compliance with HUD regulations and be prepared to work with the local housing authority to manage these vouchers effectively.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.