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Norco, CA

CitySAFMR
Riverside County
Found 1 ZIP

City Median Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,760$1,560
1 BR$1,840$1,950
2 BR$2,280$2,510
3 BR$3,050$3,280
4 BR$3,700$3,640
5 BR$4,255Not available
6 BR$4,893Not available
7 BR$5,627Not available
8 BR$6,471Not available

Purchase Price Calculator

Maximum purchase price
$311,068

Cost breakdown

+Likely effective rent$2,510
HUD FMR$2,280
Market rent$3,030
Est. payment standard (110%)Used$2,510
-Principal and interest-$1,573
Loan amount$248,855
Down payment$62,214
Rate6.50%
Term30 years
-Operating costs-$737
Property taxes-$311
Insurance-$175
Utilities$0
HOA$0
Management-$251
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,034(64.3% ROI)
Projected value
$334,987
Return breakdown
Property appreciation+$23,918
Loan principal paid down+$8,916
Rental cash flow+$7,200
5-year hold
+$68,776(110.5% ROI)
Projected value
$351,945
Return breakdown
Property appreciation+$40,877
Loan principal paid down+$15,899
Rental cash flow+$12,000
10-year hold
+$149,011(239.5% ROI)
Projected value
$398,194
Return breakdown
Property appreciation+$87,125
Loan principal paid down+$37,885
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
0.92
2 BR
0.75
3 BR
0.90
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Norco, CA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Norco, CA is $2,280 a month. That is down 9.9% from $2,530 in FY 2026. Norco is in the Riverside-San Bernardino-Ontario, CA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,103. The median county two-bedroom FMR in California is $1,725, so Norco is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Norco, CA
BedroomsFY 2027Change90–110% range
Studio$1,760−9.7%$1,584–$1,936
1BR$1,840−9.8%$1,656–$2,024
2BR$2,280−9.9%$2,052–$2,508
3BR$3,050−9.8%$2,745–$3,355
4BR$3,700−10.0%$3,330–$4,070

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Norco, CA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,760$1,840$2,280$3,050$3,700
FY 2026$1,950$2,040$2,530$3,380$4,110
FY 2025$2,160$2,260$2,810$3,750$4,560
FY 2024$2,010$2,130$2,660$3,580$4,370
FY 2023$1,840$2,010$2,520$3,420$4,210

Questions about Norco, CA rents

How much will Section 8 pay for a two-bedroom in Norco, CA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,103, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,893 to $2,313 a month; under the ZIP-level Small Area FMR of $2,280 it would be $2,052 to $2,508. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Norco, CA in?

Norco, CA is in the Riverside-San Bernardino-Ontario, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,103.

How much did fair market rent change in Norco, CA for FY 2027?

The two-bedroom FMR fell 9.9%, from $2,530 in FY 2026 to $2,280 in FY 2027. Since FY 2023 it has fallen 9.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set