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 | $1,920 |
| 1 Bedroom | $2,040 |
| 2 Bedrooms | $2,520 |
| 3 Bedrooms | $3,320 |
| 4 Bedrooms | $4,000 |
| 5 Bedrooms | $4,640 |
| 6 Bedrooms | $5,197 |
| 7 Bedrooms | $5,613 |
| 8 Bedrooms | $5,894 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,520 | $514,631 | 0.49% | F |
| 3BR | $3,320 | $586,480 | 0.57% | F |
| 4BR | $4,000 | $654,896 | 0.61% | D |
| 5BR | $4,640 | $689,770 | 0.67% | D |
U.S. Census Bureau data (2024)
The dynamics of ZIP code 92337, located in Fontana, California, reveal a market in motion, where the balance between supply and demand plays a critical role in shaping housing trends. The Fair Market Rent (FMR) for the area is set at $2480 for the fiscal year 2024, indicating the government's benchmark for rental affordability. However, the actual market rent, as reported by the Census American Community Survey (ACS), stands slightly lower at $2,220. This suggests that the rental market is somewhat competitive, with landlords adjusting their rents to attract tenants.
The low price-cut share of 0.1% points towards a resilient rental market where landlords have little need to reduce prices to secure tenants. This statistic contrasts with areas experiencing higher vacancy rates or greater competition, where landlords might be more inclined to offer discounts. Additionally, the median home value of $609,769 reflects a stable housing market, though without daily days on market (DOM) data, it's challenging to gauge the speed at which homes are selling. Nonetheless, the median value suggests that homeownership remains a significant factor in the local economy.
A key indicator of long-term housing pressure is the 24.5% renter share. In ZIP 92337, nearly a quarter of residents are renters, which implies sustained demand for rental properties. This high percentage of renters can exert continuous pressure on the housing market, particularly on rental prices, as a larger portion of the population relies on leasing rather than owning. It also suggests that there could be a growing interest in purchasing homes as a means of securing long-term housing stability.
In conclusion, ZIP 92337 presents a market where demand for rental properties is strong, but not overwhelming. The relatively low price-cut share and the moderate gap between FMR and market rent suggest a balanced yet competitive environment. Landlords and small-portfolio investors should focus on maintaining quality and competitive pricing to capitalize on the steady rental demand and the potential for homeownership growth.
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.