Location: Riverside-San Bernardino-Ontario, CA | Metro: Riverside-San Bernardino-Ontario, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,660 |
| 1 Bedroom | $1,760 |
| 2 Bedrooms | $2,170 |
| 3 Bedrooms | $2,860 |
| 4 Bedrooms | $3,440 |
| 5 Bedrooms | $3,990 |
| 6 Bedrooms | $4,469 |
| 7 Bedrooms | $4,827 |
| 8 Bedrooms | $5,068 |
The ZIP code 92519 in California presents a market in motion, driven by the Federal Market Rent (FMR) set at $2090 for the fiscal year 2024. While the specific market rent remains undefined, the absence of a detailed market rent figure suggests that the area might be experiencing a unique housing dynamic, possibly influenced by local economic factors or recent developments.
The lack of percentage data for price-cut share and days on market (DOM) indicates a potential equilibrium in the housing market, where neither buyers nor sellers hold a significant advantage. This could imply a stable market with consistent demand and supply levels. However, the undefined median home value points towards a diverse housing stock, which may include both high-end and entry-level properties, making it challenging to pinpoint a single trend without additional data.
A critical factor in assessing the long-term housing pressure in ZIP 92519 is the undefined percentage of renter share. Typically, a higher renter share can indicate greater housing pressure, especially when combined with rising rents or limited availability of homes for sale. In the absence of this percentage, we cannot definitively conclude whether the market leans towards renters or homeowners. Yet, the reliance on Section 8 programs, evidenced by the defined FMR, suggests a notable presence of low-income households who rely on government assistance for housing. This dependency can create a persistent demand for affordable rental units, exerting continuous pressure on the rental market.
The dynamics of ZIP 92519 thus appear to be influenced by a blend of stable conditions and underlying pressures, particularly from those seeking affordable housing solutions. Landlords and small-portfolio investors should closely monitor trends in rental demand and government funding levels to understand how these factors shape the local real estate landscape.
Data Sources: FMR data from HUD (2027).
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.