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 | $2,340 |
| 1 Bedroom | $2,490 |
| 2 Bedrooms | $3,070 |
| 3 Bedrooms | $4,040 |
| 4 Bedrooms | $4,870 |
| 5 Bedrooms | $5,649 |
| 6 Bedrooms | $6,327 |
| 7 Bedrooms | $6,833 |
| 8 Bedrooms | $7,175 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,070 | $374,676 | 0.82% | C |
| 3BR | $4,040 | $483,056 | 0.84% | C |
| 4BR | $4,870 | $520,461 | 0.94% | C |
| 5BR | $5,649 | $567,782 | 0.99% | C |
U.S. Census Bureau data (2024)
The potential pitfalls of investing in ZIP 92582 under Section 8 housing programs are significant. Tenant turnover is a primary concern, with the market rent at $3,146 versus the Federal Market Rent (FMR) of $2,560 for FY 2024. This discrepancy can lead to frequent changes in occupancy, increasing administrative burdens and operational costs. Vacancy exposure is another critical issue, as the Days on Market (DOM) is listed as N/A, indicating a lack of recent sales data which could obscure the true market conditions and risk of extended vacancies.
The area also presents a challenge regarding deferred maintenance. With an average home value of $515,773 and a median household income of $105,540, landlords must be prepared for the possibility that tenants might not prioritize upkeep, leading to higher maintenance costs over time. The lower income levels relative to property values suggest that tenants may have limited funds available for repairs and maintenance, shifting these responsibilities entirely onto the landlord.
Despite these risks, there are compelling reasons to consider Section 8 investments in ZIP 92582. The renter share of the population stands at 12.8%, a figure that is notably high. High renter density often translates into robust demand for rental properties, particularly those that accept Section 8 vouchers. This demand can provide a steady stream of tenants, mitigating some of the risks associated with turnover and vacancy.
In conclusion, the investment risk for a first-time Section 8 landlord in ZIP 92582 is moderate.
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.