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 | $1,970 |
| 1 Bedroom | $2,090 |
| 2 Bedrooms | $2,580 |
| 3 Bedrooms | $3,400 |
| 4 Bedrooms | $4,090 |
| 5 Bedrooms | $4,744 |
| 6 Bedrooms | $5,313 |
| 7 Bedrooms | $5,738 |
| 8 Bedrooms | $6,025 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,580 | $512,311 | 0.5% | F |
| 3BR | $3,400 | $722,356 | 0.47% | F |
| 4BR | $4,090 | $888,129 | 0.46% | F |
| 5BR | $4,744 | $1,136,530 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 92881, located in Corona, CA, presents a unique balance between yield and stability that can inform investment decisions for both landlords and small-portfolio investors. The Federal Market Rent (FMR) for the fiscal year 2024 is set at $2460, which is slightly below the market rent of $2571. This suggests a competitive rental environment where properties are valued close to their fair market price. However, the median home value of $866,248 is significantly higher, indicating a strong potential for appreciation and capital gains over time.
On the stability axis, the ZIP code shows a moderate level of rental activity with 17.5% of residents being renters. While this percentage is not exceptionally high, it does suggest a consistent demand for rental properties. The average household income of $134,932 provides insight into the economic health of the area, supporting the idea that tenants can afford higher rents, thereby increasing the likelihood of timely payments and lower vacancy rates.
To classify the market, we must consider both yield and stability. The FMR and market rent figures are nearly identical, suggesting that the rental yields are reasonable but not exceptionally high. However, the high median home value points towards a market ripe for flipping or long-term appreciation strategies. In terms of stability, the moderate renter population combined with a robust average income indicates a stable cash flow opportunity, though not as secure as areas with higher percentages of renters.
Given these factors, ZIP 92881 is best classified as a somewhere in between market. It offers decent rental yields without the risk associated with low stability, while also presenting opportunities for capital appreciation through property flips or long-term investments. The data supports a balanced approach, favoring investments that can benefit from both rental income and potential increases in property value.
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.