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 92877, located in Corona, CA, is well-suited for a Section 8 portfolio strategy as a cash-flow anchor. The Fair Market Rent (FMR) for FY 2024 in this area is set at $2090. This figure represents the maximum amount that a landlord can charge for a Section 8 tenant, which provides a stable and predictable income stream.
Despite the lack of specific market data available at the moment, the FMR figure serves as a reliable benchmark for rental income expectations. Given that Section 8 payments are guaranteed by the government, this makes ZIP 92877 a low-risk investment for landlords looking to secure steady cash flow. The FMR is higher than typical market rents in the area, ensuring that properties in this ZIP code will not struggle to attract tenants.
To further support this strategy, consider the broader context of the Riverside-San Bernardino-Ontario, CA MSA. This region has historically seen a high demand for affordable housing, making it a favorable environment for Section 8 properties. Landlords in ZIP 92877 can expect a consistent pool of eligible tenants, reducing vacancy rates and providing a reliable source of income.
While appreciation potential and diversification benefits are important considerations, the primary role of ZIP 92877 within a Section 8 portfolio should be to act as a cash-flow anchor. The predictability and security of the rental income make it an attractive option for landlords and small-portfolio investors seeking stability in their real estate investments.
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.