Location: Riverside-San Bernardino-Ontario, CA | Metro: Riverside-San Bernardino-Ontario, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,580 |
| 1 Bedroom | $1,660 |
| 2 Bedrooms | $2,060 |
| 3 Bedrooms | $2,720 |
| 4 Bedrooms | $3,280 |
| 5 Bedrooms | $3,805 |
| 6 Bedrooms | $4,262 |
| 7 Bedrooms | $4,603 |
| 8 Bedrooms | $4,833 |
U.S. Census Bureau data (2024)
To integrate ZIP 92350 into a Section 8 portfolio strategy, one must first understand the fundamentals of the area. ZIP 92350 is located within the Riverside-San Bernardino-Ontario, CA Metropolitan Statistical Area (MSA), which presents unique opportunities and challenges for real estate investors.
The Fair Market Rent (FMR) for ZIP 92350 in fiscal year 2024 is set at $1940. This figure is critical for determining the viability of properties under the Section 8 program, as it represents the maximum allowable rent for a two-bedroom unit. Given that the market rent and median home values are currently unavailable, we cannot directly compare these metrics to the FMR. However, the absence of such data suggests that the local market might be less competitive or less studied compared to other areas, which could indicate a potential niche for investment.
ZIP 92350 can serve as a cash-flow anchor within a Section 8 portfolio. The guaranteed rental income provided by the Section 8 program, pegged at the $1940 FMR, ensures steady cash flow regardless of market fluctuations. This stability is particularly valuable when other parts of an investor's portfolio might experience volatility. The consistent demand for affordable housing in the area supports this strategy, as does the predictability of government funding, although investors should monitor any changes in policy or funding levels.
While specific data on appreciation potential, such as price-cut shares and days on market (DOM), are not available, the lack of market rent data might imply a relatively stable housing market with fewer speculative investments. This stability can be beneficial for long-term investors focused on maintaining a diversified portfolio with a mix of appreciation plays and cash-flow anchors.
The median income figure being unavailable also points to the need for further research into the economic health of the area. However, given the reliance on Section 8 for rental income, it is reasonable to assume a significant portion of the population benefits from this assistance, indicating a strong demand for affordable housing units.
In conclusion, ZIP 92350 is best positioned as a cash-flow anchor within a Section 8 portfolio strategy, providing reliable and predictable income through the government-subsidized rental program. This role is essential for balancing out the risks associated with other types of real estate investments and ensuring financial stability for landlords and small-portfolio investors.
Data Sources: FMR data from HUD (2027). 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.