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Riverside County/Perris/92571

92571

ZIPSAFMR
Riverside County, CA
Zillow

ZIP Investment Score

97Above average

095130300
BRFMR
Eff. Rent
0 BR$1,800$1,850
1 BR$1,910$1,970
2 BR$2,360$2,460
3 BR$3,110$2,760
4 BR$3,740$3,010
5 BR$4,301Not available
6 BR$4,946Not available
7 BR$5,688Not available
8 BR$6,541Not available

Purchase Price Calculator

Maximum purchase price
$303,639

Cost breakdown

+Likely effective rent$2,460
HUD FMR$2,360
Market rent$2,520
Est. payment standard (104%)Used$2,460
-Principal and interest-$1,535
Loan amount$242,911
Down payment$60,728
Rate6.50%
Term30 years
-Operating costs-$725
Property taxes-$304
Insurance-$175
Utilities$0
HOA$0
Management-$246
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,250(64.6% ROI)
Projected value
$326,985
Return breakdown
Property appreciation+$23,347
Loan principal paid down+$8,703
Rental cash flow+$7,200
5-year hold
+$67,420(111.0% ROI)
Projected value
$343,539
Return breakdown
Property appreciation+$39,901
Loan principal paid down+$15,520
Rental cash flow+$12,000
10-year hold
+$146,025(240.5% ROI)
Projected value
$388,683
Return breakdown
Property appreciation+$85,044
Loan principal paid down+$36,980
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
0.95
2 BR
0.94
3 BR
1.13
4 BR
1.24
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92571 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92571 (Perris, CA) is $2,360 a month. That is down 4.1% from $2,460 in FY 2026. Perris 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, 92571 has the 26th-highest two-bedroom rent (county range $1,670–$3,150). The median county two-bedroom FMR in California is $1,725, so ZIP 92571 is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92571
BedroomsFY 2027Change90–110% range
Studio$1,800−4.8%$1,620–$1,980
1BR$1,910−4.0%$1,719–$2,101
2BR$2,360−4.1%$2,124–$2,596
3BR$3,110−4.3%$2,799–$3,421
4BR$3,740−4.8%$3,366–$4,114

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92571
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,800$1,910$2,360$3,110$3,740
FY 2026$1,890$1,990$2,460$3,250$3,930
FY 2025$1,990$2,080$2,590$3,460$4,210
FY 2024$1,730$1,840$2,290$3,080$3,760
FY 2023$1,480$1,620$2,030$2,750$3,390

Two-bedroom rent in nearby Riverside County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92571
92561$1,990−15.7%
92562$2,630+11.4%
92563$2,940+24.6%
92564$2,170−8.1%
92567$1,990−15.7%
92570$1,990−15.7%
92571Current$2,360—
92572$2,170−8.1%
92581$2,170−8.1%
92582$3,070+30.1%
92583$1,990−15.7%
92584$2,760+16.9%

Questions about ZIP 92571 rents

How much will Section 8 pay for a two-bedroom in ZIP 92571?

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 $2,360 it would be $2,124 to $2,596. 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 92571 in?

ZIP 92571 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 92571 for FY 2027?

The two-bedroom FMR fell 4.1%, from $2,460 in FY 2026 to $2,360 in FY 2027. Since FY 2023 it has risen 16.3%.

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