Skip to main content
Loading page
Riverside County/Riverside/92504

92504

ZIPSAFMR
Riverside County, CA
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,600$1,630
1 BR$1,700$1,830
2 BR$2,100$2,310
3 BR$2,770$2,820
4 BR$3,330$3,580
5 BR$3,829Not available
6 BR$4,404Not available
7 BR$5,065Not available
8 BR$5,824Not available

Purchase Price Calculator

Maximum purchase price
$281,349

Cost breakdown

+Likely effective rent$2,310
HUD FMR$2,100
Market rent$2,510
Est. payment standard (110%)Used$2,310
-Principal and interest-$1,423
Loan amount$225,079
Down payment$56,270
Rate6.50%
Term30 years
-Operating costs-$687
Property taxes-$281
Insurance-$175
Utilities$0
HOA$0
Management-$231
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,897(65.6% ROI)
Projected value
$302,982
Return breakdown
Property appreciation+$21,633
Loan principal paid down+$8,064
Rental cash flow+$7,200
5-year hold
+$63,352(112.6% ROI)
Projected value
$318,320
Return breakdown
Property appreciation+$36,972
Loan principal paid down+$14,380
Rental cash flow+$12,000
10-year hold
+$137,067(243.6% ROI)
Projected value
$360,150
Return breakdown
Property appreciation+$78,801
Loan principal paid down+$34,266
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.97
1 BR
0.89
2 BR
0.84
3 BR
0.97
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92504 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92504 (Riverside, CA) is $2,100 a month. That is down 5.8% from $2,230 in FY 2026. Riverside 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 95 ZIP codes in Riverside County, 92504 is tied for the 62nd-highest two-bedroom rent (county range $1,670–$3,150). The median county two-bedroom FMR in California is $1,725, so ZIP 92504 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92504
BedroomsFY 2027Change90–110% range
Studio$1,600−6.4%$1,440–$1,760
1BR$1,700−5.6%$1,530–$1,870
2BR$2,100−5.8%$1,890–$2,310
3BR$2,770−6.1%$2,493–$3,047
4BR$3,330−6.5%$2,997–$3,663

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92504
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,600$1,700$2,100$2,770$3,330
FY 2026$1,710$1,800$2,230$2,950$3,560
FY 2025$1,820$1,900$2,360$3,150$3,830
FY 2024$1,640$1,740$2,170$2,920$3,570
FY 2023$1,380$1,510$1,890$2,560$3,150

Two-bedroom rent in nearby Riverside County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92504
92501$1,990−5.2%
92502$2,170+3.3%
92503$2,270+8.1%
92504Current$2,100—
92505$2,370+12.9%
92506$2,210+5.2%
92507$2,410+14.8%
92508$3,040+44.8%
92509$2,030−3.3%
92513$2,170+3.3%
92514$2,170+3.3%
92516$2,170+3.3%

Questions about ZIP 92504 rents

How much will Section 8 pay for a two-bedroom in ZIP 92504?

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 $2,100 it would be $1,890 to $2,310. 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 92504 in?

ZIP 92504 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 92504 for FY 2027?

The two-bedroom FMR fell 5.8%, from $2,230 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has risen 11.1%.

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 rentRiverside, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources