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 | $1,630 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,130 |
| 3 Bedrooms | $2,810 |
| 4 Bedrooms | $3,380 |
| 5 Bedrooms | $3,921 |
| 6 Bedrooms | $4,392 |
| 7 Bedrooms | $4,743 |
| 8 Bedrooms | $4,980 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,730 | $214,734 | 0.81% | C |
| 2BR | $2,130 | $311,312 | 0.68% | D |
| 3BR | $2,810 | $404,667 | 0.69% | D |
U.S. Census Bureau data (2024)
The rent math in ZIP code 92322, Crestline, CA, within the Riverside-San Bernardino-Ontario, CA MSA metro area, does not work due to insufficient data on market rent. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1740. However, without a comparison to the actual market rent, it's impossible to determine if the rent aligns with what tenants are willing to pay.
Acquisition in this ZIP code is relatively affordable, with a median home value of $328,080. Unfortunately, the lack of data on the number of days on the market (DOM) and the percentage of homes that have been subject to price cuts makes it difficult to assess the full affordability picture. Landlords and small-portfolio investors would benefit from further research into these metrics to make informed decisions about property acquisitions.
Tenant demand in ZIP 92322 is limited. With a population of only 770 residents and a renter share of just 6.5%, the pool of potential tenants is quite small. This suggests that finding and retaining tenants could be challenging, especially given the low percentage of renters in the area.
Verdict: ZIP 92322 presents a mixed scenario for real estate investment. While the median home value offers an affordable entry point, the scarcity of data on market rents and the low tenant demand pose significant challenges. Investors should proceed cautiously, ensuring they conduct thorough due diligence on local rental trends and the broader economic conditions before committing to acquisitions in this area.
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.