Location: Riverside-San Bernardino-Ontario, CA | Metro: Riverside-San Bernardino-Ontario, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,560 |
| 1 Bedroom | $1,650 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,690 |
| 4 Bedrooms | $3,240 |
| 5 Bedrooms | $3,758 |
| 6 Bedrooms | $4,209 |
| 7 Bedrooms | $4,546 |
| 8 Bedrooms | $4,773 |
The Fair Market Rent (FMR) for ZIP 92312 for fiscal year 2024 is set at $1940. This figure represents the average rent that can be charged for a unit without receiving federal assistance. However, there is no specific market rent or median home value data provided for this ZIP code. Without these figures, it is challenging to determine the exact yield potential compared to the broader market.
Moving on to stability, we lack precise data regarding the percentage of renters, days on market (DOM), and median income. The absence of such data makes it difficult to assess the financial health and predictability of rental income in this area. Stability indicators like the percentage of renters and median income can help understand how consistent the demand for rental properties might be.
In summary, ZIP 92312 appears to have a defined FMR but lacks other critical data points needed to fully classify its market. Given the FMR of $1940, it suggests a moderate yield opportunity. However, the lack of additional market-specific data means we cannot confidently categorize it as either a high-yield/low-stability flip-style market or a steady-cashflow zone. It falls somewhere in between, leaning towards a moderate yield with unknown stability factors.
To make a more informed decision, further research into the local rental market conditions, including market rents and home values, would be necessary. Additionally, understanding the local economy and employment trends could provide insights into the stability of the rental income.
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.