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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,600 | $220,217 | 0.73% | D |
| 2BR | $1,990 | $300,448 | 0.66% | D |
| 3BR | $2,630 | $374,839 | 0.7% | D |
U.S. Census Bureau data (2024)
1580 is the Fair Market Rent (FMR) set for ZIP code 92256, Morongo Valley, CA, for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a rental property participating in the Section 8 program. In comparison, the market rent, according to Census ACS data, is 1354, indicating that properties in this area are priced slightly below the FMR threshold, which could be beneficial for both landlords and tenants. The median home value in Morongo Valley stands at 323602, reflecting a diverse housing market where both rental and ownership opportunities exist. With a 29.2% share of renters in the population, there is a significant demand for affordable housing options, making the Section 8 program an attractive choice for many residents. However, the median income of 51949 suggests that many households might struggle to afford market rents without assistance. Despite these economic conditions, the lack of available data on days on market (DOM) and the low 0.3% price-cut share indicate that the real estate market in Morongo Valley is relatively stable, with few properties needing to reduce their asking price to attract buyers. For landlords considering participation in the Section 8 program, the alignment between market rents and FMRs, coupled with the stable real estate market, presents a favorable opportunity to serve a community in need while maintaining steady income streams. Verdict: Participation in Section 8 is advisable given the economic context and stable market conditions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.