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 |
|---|---|---|---|---|
| 2BR | $1,990 | $254,575 | 0.78% | D |
| 3BR | $2,630 | $389,898 | 0.67% | D |
| 4BR | $3,170 | $467,238 | 0.68% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 92276, Thousand Palms, CA, reveals several key points regarding rental pricing and property values. The HUD Fair Market Rent (FMR) for FY 2024 is set at $1,720. This figure is compared against the market rent of $1,495, as reported by the Census ACS data. Given these numbers, voucher tenants in this area would typically generate positive cash flow for landlords, as the FMR exceeds the market rent by approximately $225 per month.
To further understand the investment potential, consider the median home value in the area, which stands at $388,787. Using the FMR of $1,720, we can calculate a rent-to-price ratio of about 0.44%, indicating that rental income is relatively low compared to the cost of homeownership. This suggests that the buy-versus-rent dynamic favors renting, making it an attractive option for both landlords and tenants.
Note that the median days on market (DOM) and the percentage of homes that experienced price cuts are not available, but given the positive cash flow potential, these metrics likely do not significantly impact the overall investment strategy. The lack of volatility in the rental market, as indicated by the stable FMR and market rent figures, supports a strong stability angle for investors.
The strongest investor angle in ZIP 92276 is cash flow, due to the favorable difference between the HUD FMR and the actual market rent.
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.