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Riverside County/Lake Elsinore/92532

92532

ZIPSAFMR
Riverside County, CA
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$2,350$1,860
1 BR$2,500$2,100
2 BR$3,080$2,340
3 BR$4,060$2,950
4 BR$4,890$3,350
5 BR$5,624Not available
6 BR$6,467Not available
7 BR$7,437Not available
8 BR$8,553Not available

Purchase Price Calculator

Maximum purchase price
$285,807

Cost breakdown

+Likely effective rent$2,340
HUD FMR$3,080
Market rentUsed$2,340
Est. payment standard (90%)$2,770
-Principal and interest-$1,445
Loan amount$228,645
Down payment$57,161
Rate6.50%
Term30 years
-Operating costs-$695
Property taxes-$286
Insurance-$175
Utilities$0
HOA$0
Management-$234
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,368(65.4% ROI)
Projected value
$307,782
Return breakdown
Property appreciation+$21,976
Loan principal paid down+$8,192
Rental cash flow+$7,200
5-year hold
+$64,166(112.3% ROI)
Projected value
$323,364
Return breakdown
Property appreciation+$37,557
Loan principal paid down+$14,608
Rental cash flow+$12,000
10-year hold
+$138,859(242.9% ROI)
Projected value
$365,857
Return breakdown
Property appreciation+$80,050
Loan principal paid down+$34,809
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.26
1 BR
1.19
2 BR
1.32
3 BR
1.38
4 BR
1.46
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92532 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92532 (Lake Elsinore, CA) is $3,080 a month. That is up 1.0% from $3,050 in FY 2026. Lake Elsinore 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, 92532 has the 3rd-highest two-bedroom rent (county range $1,670–$3,150). The median county two-bedroom FMR in California is $1,725, so ZIP 92532 is 79% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92532
BedroomsFY 2027Change90–110% range
Studio$2,3500.0%$2,115–$2,585
1BR$2,500+1.6%$2,250–$2,750
2BR$3,080+1.0%$2,772–$3,388
3BR$4,060+0.5%$3,654–$4,466
4BR$4,890+0.4%$4,401–$5,379

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92532
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,350$2,500$3,080$4,060$4,890
FY 2026$2,350$2,460$3,050$4,040$4,870
FY 2025$2,380$2,480$3,090$4,130$5,020
FY 2024$2,020$2,140$2,670$3,600$4,390
FY 2023$1,760$1,920$2,400$3,260$4,010

Two-bedroom rent in nearby Riverside County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92532
92518$2,100−31.8%
92519$2,170−29.5%
92521$2,170−29.5%
92530$2,920−5.2%
92531$2,170−29.5%
92532Current$3,080—
92536$1,700−44.8%
92539$1,990−35.4%
92543$1,990−35.4%
92544$1,990−35.4%
92545$2,090−32.1%
92546$2,170−29.5%

Questions about ZIP 92532 rents

How much will Section 8 pay for a two-bedroom in ZIP 92532?

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 $3,080 it would be $2,772 to $3,388. 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 92532 in?

ZIP 92532 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 92532 for FY 2027?

The two-bedroom FMR rose 1.0%, from $3,050 in FY 2026 to $3,080 in FY 2027. Since FY 2023 it has risen 28.3%.

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