Section 8 Fair Market Rent (FMR) for ZIP 92572 - 2027
Location: Riverside-San Bernardino-Ontario, CA | Metro: Riverside-San Bernardino-Ontario, CA MSA
FY 2027 Fair Market Rent Rates
| 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 |
To determine if you should invest in ZIP 92572 for Section 8 properties, follow this decision tree based on the available data:
- Does FMR $2090 (zip FY 2024) clear debt service on a property?
- Yes: If the Fair Market Rent (FMR) of $2090 per month is sufficient to cover your debt service, then proceed to the next question.
- No: Do not invest in this ZIP code as the FMR does not support the financial obligations of owning a property here.
- Is market rent above, at, or below FMR?
- Above: If the market rent is higher than the FMR, this indicates a potential for profit beyond the Section 8 payment cap. However, ensure that tenants can afford the difference.
- At: If market rents match the FMR, the property will be rented at the maximum allowable rate for Section 8, leaving little room for additional income.
- Below: If market rents are below the FMR, there's less risk of vacancy, but also less opportunity to earn more than the Section 8 payment.
- Are renters' percentages and days on market (DOM) enough to meet demand?
- It depends: The percentage of renters and the average DOM were not specified. To make an informed decision, you must evaluate the rental demand in the area. A high percentage of renters and a low DOM suggest strong demand, making it more likely that your Section 8 property will remain occupied.
In conclusion, the decision to invest in ZIP 92572 hinges on whether the FMR of $2090 meets your debt service requirements and aligns with market rents. Rental demand must also be assessed for viability. Without specific figures for market rent and rental percentages, alongside the DOM, the final recommendation remains contingent upon these factors.
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.