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 | $1,830 |
| 1 Bedroom | $1,950 |
| 2 Bedrooms | $2,400 |
| 3 Bedrooms | $3,160 |
| 4 Bedrooms | $3,810 |
| 5 Bedrooms | $4,420 |
| 6 Bedrooms | $4,950 |
| 7 Bedrooms | $5,346 |
| 8 Bedrooms | $5,613 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,400 | $417,694 | 0.57% | F |
| 3BR | $3,160 | $511,141 | 0.62% | D |
| 4BR | $3,810 | $566,386 | 0.67% | D |
| 5BR | $4,420 | $618,050 | 0.72% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 92551, Moreno Valley, California, reveals that the HUD Fair Market Rent (FMR) for FY 2024 stands at $2280. This figure is slightly below the market rent, which is currently $2,344 as indicated by the Zillow Observed Rent Index (ZORI).
Voucher tenants in this area will cashflow marginally at the HUD FMR rate. This means landlords may experience minimal positive cash flow or break-even scenarios with standard units. However, higher-end or premium units could provide a more significant positive cash flow given the slight difference between the FMR and market rent.
The median home value in Moreno Valley is $532,056. Using this figure, we can calculate a rent-to-price ratio of approximately 0.4%. This ratio suggests that rental income is relatively low compared to the cost of owning a property, indicating a stronger buy-to-rent market rather than an investment strategy focused on property appreciation.
The dynamics of the local real estate market show a median Days on Market (DOM) of N/A and a price cut share of 0.2%. These figures imply that the housing market is stable, with few homes needing to be discounted to sell. The lack of significant price cuts also supports the notion of steady rental demand.
The strongest angle for Section 8 investors in Moreno Valley is stability. With a stable housing market and consistent rental demand, landlords can expect reliable tenant occupancy and predictable cash flows.
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.