Location: Riverside-San Bernardino-Ontario, CA | Metro: Riverside-San Bernardino-Ontario, CA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,530 |
| 1 Bedroom | $1,600 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,630 |
| 4 Bedrooms | $3,170 |
| 5 Bedrooms | $3,677 |
| 6 Bedrooms | $4,118 |
| 7 Bedrooms | $4,447 |
| 8 Bedrooms | $4,669 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,990 | $270,219 | 0.74% | D |
| 3BR | $2,630 | $342,380 | 0.77% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 92230, Cabazon, CA, reveals that the HUD Fair Market Rent (FMR) of $1580 for fiscal year 2024 is slightly above the market rent of $1,519 as reported by the Census American Community Survey (ACS). This means that voucher tenants in this area will generally cashflow at the FMR, providing a modest positive cash flow to landlords. The median home value in ZIP 92230 is $331,978, which yields a rent-to-price ratio of approximately 0.54%, indicating that rental income is relatively low compared to property values.
To derive the rent-to-price ratio, we divide the annualized market rent ($1,519 x 12 months) by the median home value ($331,978). This calculation results in an annual rent of $18,228, leading to a rent-to-price ratio of 0.54%. This low ratio suggests that the rental market in Cabazon is not particularly robust relative to the cost of owning a home, but it does not necessarily indicate poor investment potential, especially for those focused on long-term stability or appreciation.
The data on median days on market (DOM) and the percentage of homes that experience price cuts are not available, but these metrics would be relevant if analyzing the buy-versus-rent dynamics. However, given the slight premium of the HUD FMR over the market rent, it's clear that landlords can expect a marginal cash flow advantage when renting to voucher holders. This slight edge in cash flow, combined with the potential for property appreciation in the Riverside-San Bernardino-Ontario, CA MSA, makes the strongest investor angle the combination of cashflow and appreciation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.