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 | $1,530 |
| 1 Bedroom | $1,600 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,630 |
| 4 Bedrooms | $3,170 |
| 5 Bedrooms | $3,677 |
| 6 Bedrooms | $4,118 |
| 7 Bedrooms | $4,447 |
| 8 Bedrooms | $4,669 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,990 | $47,049 | 4.23% | A+ |
| 3BR | $2,630 | $86,832 | 3.03% | A+ |
U.S. Census Bureau data (2024)
The analysis of ZIP code 93562 in California reveals a unique balance between yield and stability that may appeal to both landlords and small-portfolio investors. On the yield axis, the Fair Market Rent (FMR) for the fiscal year 2024 is set at $1580, which is significantly higher than the market rent of $817. This suggests a potential upside for investors willing to navigate the complexities of the Section 8 program.
The median home value of $74,300 in this area also supports a high-yield strategy. With FMRs substantially above market rents, properties can be leased out at rates that provide a better return on investment compared to conventional rental practices. However, it's important to note that the Section 8 program has strict guidelines regarding rent limits, so the actual yield will depend on compliance with these rules.
Moving to the stability axis, 32.0% of residents are renters, indicating a moderate level of demand for rental housing. The absence of data on days on market (DOM) makes it challenging to assess how quickly properties might be rented. However, the median household income of $65,650 provides some assurance that there is a stable economic base supporting the rental market.
Given these figures, ZIP 93562 leans towards being a high-yield market due to the favorable FMR compared to the local market rent. However, the stability aspect is somewhat lower due to the limited data available on rental dynamics, such as DOM. Therefore, this area can be classified as a high-yield/low-stability market, suitable for those who are comfortable with the fluctuations inherent in government-assisted housing programs but seek to capitalize on higher-than-market rental rates.
To summarize, the key figures driving this classification are the $1580 FMR versus the $817 market rent, and the median income of $65,650. These factors suggest a scenario where investors could achieve strong yields, albeit with some risk associated with the stability of the rental market.
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.