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 | $1,610 |
| 1 Bedroom | $1,710 |
| 2 Bedrooms | $2,110 |
| 3 Bedrooms | $2,780 |
| 4 Bedrooms | $3,350 |
| 5 Bedrooms | $3,886 |
| 6 Bedrooms | $4,352 |
| 7 Bedrooms | $4,700 |
| 8 Bedrooms | $4,935 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,710 | $238,249 | 0.72% | D |
| 2BR | $2,110 | $305,278 | 0.69% | D |
| 3BR | $2,780 | $396,550 | 0.7% | D |
| 4BR | $3,350 | $463,280 | 0.72% | D |
| 5BR | $3,886 | $626,789 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 92382, located in Running Springs, CA, has a population of 5,215 residents, with 26.0% being renters. This indicates that while there is a notable rental market, it is not overwhelmingly dominated by renters. The median household income stands at $81,493, which provides context for the affordability of housing in the area.
A typical market rent of $2,037 per month consumes a significant portion of the average income. To be precise, the monthly rent represents approximately 25% of the annual median household income when calculated on an annual basis. This suggests that rents are relatively high compared to local incomes, potentially limiting the number of tenants who can afford market rates without assistance.
The Fair Market Rent (FMR) for FY 2024 in this ZIP code is set at $1,810, which is below the current market rent. This discrepancy highlights the financial pressure on low-income families seeking affordable housing. Landlords should consider that the FMR reflects the maximum amount a voucher holder can pay, meaning they will likely have to accept lower rents if they wish to attract Section 8 tenants.
In this ZIP code, landlords can expect a tenant pool that includes a mix of individuals and families relying on housing vouchers due to the high cost of living relative to median income. These tenants will generally have a stable source of income through their employment or public assistance programs. The typical tenant profile would include those whose total income is less than 50% of the area's median income, as required by the Section 8 program.
To conclude, while Running Springs, CA, has a modest rental market share, the high cost of housing relative to local incomes creates a scenario where Section 8 vouchers are particularly valuable. Landlords must weigh the benefits of guaranteed rental payments against the potential challenges of managing a property with tenants who receive federal assistance. The expected tenant base will be financially constrained but committed to meeting their housing obligations under the guidelines of the Section 8 program.
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.