Location: Riverside-San Bernardino-Ontario, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
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 | $1,300 |
| 1 Bedroom | $1,470 |
| 2 Bedrooms | $1,870 |
| 3 Bedrooms | $2,390 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,870 | $287,649 | 0.65% | D |
| 3BR | $2,390 | $374,796 | 0.64% | D |
| 4BR | $2,700 | $414,184 | 0.65% | D |
| 5BR | $3,132 | $456,573 | 0.69% | D |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 92301, Adelanto, CA, reveals a favorable environment for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for FY 2024 is set at $2000, which is notably higher than the Zillow Observed Rent Index (ZORI) of $1,911. This means that voucher tenants can cashflow at the FMR level without requiring premium units, providing a solid financial foundation for rental properties.
To understand the broader investment landscape, consider the median home value in the area, which stands at $397,496. Using this figure, we can calculate the rent-to-price ratio, which comes out to approximately 0.48%. This ratio indicates that the rental market is relatively strong compared to the housing market, suggesting that rental income is a significant portion of the property's value. This dynamic supports the idea that rental properties in Adelanto can be a stable investment option.
The market conditions also show a median Days on Market (DOM) of 37 days and a price-cut share of 0.2%, indicating that homes are selling quickly and without substantial discounts. These factors suggest that the local real estate market is robust, with low inventory and high demand, which benefits both renters and buyers. However, the primary focus for Section 8 investors should be on the strong cashflow potential provided by the discrepancy between the HUD FMR and the market rent.
In conclusion, the strongest investor angle in Adelanto, CA, is the cashflow potential due to the HUD FMR being above the market rent, ensuring that voucher tenants can cover expenses and provide a reliable income stream.
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.