Location: Riverside-San Bernardino-Ontario, CA | Metro: Riverside-San Bernardino-Ontario, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,660 |
| 1 Bedroom | $1,760 |
| 2 Bedrooms | $2,170 |
| 3 Bedrooms | $2,860 |
| 4 Bedrooms | $3,440 |
| 5 Bedrooms | $3,990 |
| 6 Bedrooms | $4,469 |
| 7 Bedrooms | $4,827 |
| 8 Bedrooms | $5,068 |
The ZIP code 92226 encompasses the city of Blythe, CA, a large-sized community with a population of approximately 42,226 residents. The median household income in this area is $47,226, reflecting a working-class earning profile. Median home values are around $186,637, indicating an affordable housing market. The median age of residents is 32.5 years, suggesting a younger, dynamic community.
Transitioning to the rent economics, the Fair Market Rent (FMR) for ZIP code 92226 is set at $2090 for fiscal year 2024. In comparison, the median rent in the area is $1,311, which is significantly lower than the FMR. This difference highlights a potential opportunity for landlords and small-portfolio investors interested in the Section 8 program.
Does this place fit a hands-off voucher operator or a hands-on value-add buyer? Given the disparity between the FMR and the actual median rent, it appears to favor a hands-off voucher operator. The lower median rent suggests that properties in Blythe, CA are likely to be more affordable, making it easier to find tenants willing to participate in the Section 8 program. Additionally, the lower cost of living index of 59, compared to the national average of 100, supports a scenario where managing rental properties with minimal intervention can still yield stable returns.
Data Sources: FMR data from HUD (2027).
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.