Section 8 Fair Market Rent (FMR) for ZIP 92539 - 2027

Location: Riverside-San Bernardino-Ontario, CA | Metro: Riverside-San Bernardino-Ontario, CA MSA

Investment Score for ZIP 92539

Monthly Rent (2BR)

$1,990

Median Price (2BR)

$336,312

1% Rule

0.59%

Annual Yield

7.1%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,530
1 Bedroom	$1,600
2 Bedrooms	$1,990
3 Bedrooms	$2,630
4 Bedrooms	$3,170
5 Bedrooms	$3,677
6 Bedrooms	$4,118
7 Bedrooms	$4,447
8 Bedrooms	$4,669

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,990	$336,312	0.59%	F
3BR	$2,630	$447,549	0.59%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,774

Median Household Income

$90,394

Housing Units

1,847

Renter Percentage

20.2%

Occupancy Rate

65.6%

Renter Occupied

245

The ZIP code 92539, located in Anza, California, is part of a rural community situated in Riverside County. This area is known for its natural beauty, proximity to outdoor recreational areas, and relatively low population density. Despite these characteristics, the real estate market in Anza presents both opportunities and challenges for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 92539 for fiscal year 2024 is set at $1,580.
The average market rent for properties in the area, according to Census ACS data, is $1,472 per month.
The median home value in Anza is $404,939, indicating a moderate housing market.
Renters make up 20.2% of the total housing units, suggesting a significant portion of the local population prefers homeownership.
The median household income in the area is $90,394, which provides insight into the economic stability of potential tenants.
The Days on Market (DOM) data is currently unavailable, making it difficult to assess how quickly properties are typically rented or sold.

Analyzing the data points above, investors can conclude that while the rental market in Anza offers a reasonable return with the FMR slightly higher than the market rent, the relatively high median home value and strong preference for homeownership suggest that demand for rentals might be lower compared to other areas. The solid median income figure supports the likelihood of finding financially stable tenants. However, the lack of DOM data means there's an unknown factor regarding how swiftly rental properties can be occupied, which should be considered when evaluating investment potential in this ZIP code.

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.