92394

ZIPSAFMR

San Bernardino County, CA

ZIP Investment Score

95Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,530	$1,420	2.8%
1 BR	$1,600	$1,410	2.2%
2 BR	$1,990	$1,720	2.1%
3 BR	$2,630	$2,170	1.4%
4 BR	$3,170	$2,620	1.1%
5 BR	$3,645	Not available	1.1%
6 BR	$4,192	Not available	1.1%
7 BR	$4,821	Not available	1.1%
8 BR	$5,544	Not available	1.1%

Purchase Price Calculator

Maximum purchase price

$193,675

Cost breakdown

+Likely effective rent$1,720

HUD FMR$1,990

Market rentUsed$1,720

Est. payment standard (91%)$1,810

-Principal and interest-$979

Loan amount$154,940

Down payment$38,735

Rate6.50%

Term30 years

-Operating costs-$541

Property taxes-$194

Insurance-$175

Utilities$0

HOA$0

Management-$172

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$27,643(71.4% ROI)

Projected value

$208,567

Return breakdown

Property appreciation+$14,892

Loan principal paid down+$5,551

Rental cash flow+$7,200

5-year hold

+$47,350(122.2% ROI)

Projected value

$219,125

Return breakdown

Property appreciation+$25,450

Loan principal paid down+$9,899

Rental cash flow+$12,000

10-year hold

+$101,833(262.9% ROI)

Projected value

$247,920

Return breakdown

Property appreciation+$54,245

Loan principal paid down+$23,588

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.08ratio

FMR$1,530

Market$1,420

vs market+$110

FMR is near market; voucher and private rents are aligned.

1.08

1 BR

1.13ratio

FMR$1,600

Market$1,410

vs market+$190

FMR is above market; underwrite to market rent.

1.13

2 BR

1.16ratio

FMR$1,990

Market$1,720

vs market+$270

FMR is above market; underwrite to market rent.

1.16

3 BR

1.21ratio

FMR$2,630

Market$2,170

vs market+$460

FMR is above market; underwrite to market rent.

1.21

4 BR

1.21ratio

FMR$3,170

Market$2,620

vs market+$550

FMR is above market; underwrite to market rent.

1.21

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 92394 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92394 (Victorville, CA) is $1,990 a month. That is down 4.3% from $2,080 in FY 2026. Victorville 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. Among 114 ZIP codes in San Bernardino County, 92394 is tied for the 65th-highest two-bedroom rent (county range $1,870–$3,150). The median county two-bedroom FMR in California is $1,725, so ZIP 92394 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92394
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,600	$1,530	−4.4%	$1,377–$1,683
1BR	$1,670	$1,600	−4.2%	$1,440–$1,760
2BR	$2,080	$1,990	−4.3%	$1,791–$2,189
3BR	$2,780	$2,630	−5.4%	$2,367–$2,893
4BR	$3,380	$3,170	−6.2%	$2,853–$3,487

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92394
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,530	$1,600	$1,990	$2,630	$3,170
FY 2026	$1,600	$1,670	$2,080	$2,780	$3,380
FY 2025	$1,640	$1,710	$2,130	$2,840	$3,460
FY 2024	$1,410	$1,500	$1,870	$2,520	$3,070
FY 2023	$1,210	$1,320	$1,650	$2,240	$2,750

Two-bedroom rent in nearby San Bernardino County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 92394
92385	$1,990	0.0%
92386	$2,420	+21.6%
92391	$1,990	0.0%
92392	$2,100	+5.5%
92393	$2,040	+2.5%
92394Current	$1,990	—
92395	$1,990	0.0%
92397	$1,990	0.0%
92398	$1,990	0.0%
92399	$1,990	0.0%
92401	$1,990	0.0%
92402	$2,040	+2.5%

Questions about ZIP 92394 rents

How much will Section 8 pay for a two-bedroom in ZIP 92394?

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 $1,990 it would be $1,791 to $2,189. 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 ZIP 92394 in?

ZIP 92394 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 ZIP 92394 for FY 2027?

The two-bedroom FMR fell 4.3%, from $2,080 in FY 2026 to $1,990 in FY 2027. Since FY 2023 it has risen 20.6%.

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

County fair market rent Victorville, CA fair market rent CA statewide rents What is SAFMR?Data sources