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Riverside County/Norco/92860

92860

ZIPSAFMR
Riverside County, CA
Zillow

ZIP Investment Score

69Below 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
--

ZIP 92860 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92860 (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. Among 95 ZIP codes in Riverside County, 92860 has the 27th-highest two-bedroom rent (county range $1,670–$3,150). The median county two-bedroom FMR in California is $1,725, so ZIP 92860 is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92860
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 92860
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

Two-bedroom rent in nearby Riverside County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92860
92593$2,170−4.8%
92595$2,490+9.2%
92596$2,910+27.6%
92599$2,170−4.8%
92860Current$2,280—
92877$2,170−4.8%
92878$2,170−4.8%
92879$2,640+15.8%
92880$3,110+36.4%
92881$2,580+13.2%
92882$2,550+11.8%
92883$3,150+38.2%

Questions about ZIP 92860 rents

How much will Section 8 pay for a two-bedroom in ZIP 92860?

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 ZIP 92860 in?

ZIP 92860 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 92860 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

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