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 | $1,950 |
| 1 Bedroom | $2,070 |
| 2 Bedrooms | $2,550 |
| 3 Bedrooms | $3,360 |
| 4 Bedrooms | $4,050 |
| 5 Bedrooms | $4,698 |
| 6 Bedrooms | $5,262 |
| 7 Bedrooms | $5,683 |
| 8 Bedrooms | $5,967 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,070 | $346,443 | 0.6% | F |
| 2BR | $2,550 | $485,008 | 0.53% | F |
| 3BR | $3,360 | $707,510 | 0.47% | F |
| 4BR | $4,050 | $860,541 | 0.47% | F |
| 5BR | $4,698 | $1,050,107 | 0.45% | F |
U.S. Census Bureau data (2024)
Corona 92882 offers investors a quintessential Inland Empire suburban experience, characterized by master-planned communities and a strong emphasis on family living. The area is primarily residential with well-maintained single-family tracts and local parks. Economically, the neighborhood benefits from its proximity to major logistics hubs, with the Corona Gateway Industrial Business Park serving as a significant regional employer that drives local housing demand.
From a financial perspective, the math presents a clear picture of market dynamics versus HUD subsidy limits. The FY2024 HUD SAFMR for a 2-bedroom unit is $2,380, while the projected FY2026 Full FMR rises to $2,720. However, these figures fall short of current market conditions, as Zillow’s market rent index sits at $3,093. This creates a substantial gap of $713 between market rates and the 2026 Fair Market Rent. Median home values are high at $785,455, with a more approachable median 2BR sale price of $484,306. Properties move relatively fast here, with a median days on market of just 35 days.
The tenant pool is solid, anchored by a median household income of $104,457 and a renter share of 35.5%. This income level suggests a demographic that can afford higher rents, yet voucher holders in this zip may struggle to secure premium units without supplemental payments. Families are drawn to the area for its educational options, including top-rated institutions such as Eleanor Roosevelt High School, and the convenient access to the 91 Freeway for commuters heading toward Orange County.
The Section 8 verdict for 92882 leans toward stability and appreciation rather than immediate cash flow. The gap between market rents and FMR limits makes cash-flowing difficult with vouchers alone, but the high median income and rapid 35-day turnover indicate strong market appreciation potential. Investors should view this as a high-equity play where voucher holders provide stable, government-backed income, even if the rental yield is capped below the open market peak.
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.