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 | $1,530 |
| 1 Bedroom | $1,630 |
| 2 Bedrooms | $2,010 |
| 3 Bedrooms | $2,650 |
| 4 Bedrooms | $3,190 |
| 5 Bedrooms | $3,700 |
| 6 Bedrooms | $4,144 |
| 7 Bedrooms | $4,476 |
| 8 Bedrooms | $4,700 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,010 | $383,464 | 0.52% | F |
| 3BR | $2,650 | $501,007 | 0.53% | F |
U.S. Census Bureau data (2024)
ZIP code 92358, located in Lytle Creek, California, is situated within the larger Riverside-San Bernardino-Ontario, CA MSA. The Fair Market Rent (FMR) for 92358 in fiscal year 2024 is set at $1930. While the exact market rent for this ZIP code is not available, its median home value stands at $409,931. The renter share in 92358 is relatively low at 3.7%.
To understand how 92358 fits into the broader context of the Riverside-San Bernardino-Ontario MSA, it's essential to consider the typical characteristics of ZIP codes within this region. Generally, ZIP codes in the MSA have a mix of home values and renter shares, but the absence of market rent data for 92358 suggests that rental activity might be less prevalent compared to other areas.
The FMR of $1930 in 92358 is likely reflective of the government-set guidelines for affordable housing and may not directly correlate with the actual market rents. However, given the median home value and the low renter share, it can be inferred that 92358 is not a primary rental market within the MSA. Instead, it appears to be a predominantly owner-occupied area.
Considering the data, 92358 does not fit neatly into the categories of a value pocket or a premium sub-market. It has a median home value that is higher than some areas but does not indicate a high concentration of renters, which would suggest a more active rental market. Therefore, it is best classified as a mid-tier neighborhood within the MSA, where homeownership is more common than renting.
The divergence between the FMR and the lack of market rent data, along with the lower-than-average renter share, indicates that this ZIP code is not a sweet spot for Section 8 investors looking for high renter concentrations. Landlords and small-portfolio investors should consider the limited rental demand when evaluating opportunities in 92358.
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.