FY2027 Small Area FMR · Riverside, CA

ZIP 92516 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 92516 (Riverside, CA) is $2,170 a month, down 4.8% from FY2026. That is 3% above the Riverside-San Bernardino-Ontario, CA area-wide FMR of $2,103.

2-bedroom SAFMR$2,170per month ▼ 4.8%

Area-wide 2 BR FMR$2,103Riverside-San Bernardino-Ont

Rank in the area57thof 217 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,953

2 BR Small Area FMR$2,170

110% of SAFMR$2,387

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,660▼ 5.1%

1 BR$1,760▼ 4.3%

2 BR$2,170▼ 4.8%

3 BR$2,860▼ 5.3%

4 BR$3,440▼ 5.5%

FY2027 FY2026

Where 92516 sits in the Riverside-San Bernardino-Ontario, CA area

Of the 217 ZIP codes HUD lists for the area, 92516 has the 57th highest two-bedroom Small Area FMR. Riverside-San Bernardino-Ontario, CA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,103 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,170 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,660	$1,494 – $1,826	$1,605	$1,750
1 bedroom	$1,760	$1,584 – $1,936	$1,705	$1,840
2 bedrooms	$2,170	$1,953 – $2,387	$2,103	$2,280
3 bedrooms	$2,860	$2,574 – $3,146	$2,771	$3,020
4 bedrooms	$3,440	$3,096 – $3,784	$3,336	$3,640

A household renting a two-bedroom home at the Small Area FMR of $2,170 needs about $86,800 a year to keep housing costs at 30% of income. The area median family income is $106,500 and the 80% low-income limit for four people is $98,400. ZIP code 92516 lies mainly in Riverside County. See the Riverside-San Bernardino-Ontario, CA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
92521	Riverside	0.0 mi	$2,170
92506	Riverside	2.1 mi	$2,210
92501	Riverside	3.2 mi	$1,990
92504	Riverside	3.5 mi	$2,100
92507	Riverside	4.2 mi	$2,410
92509	Riverside	4.3 mi	$2,030

Questions

What is the Fair Market Rent for ZIP code 92516?

HUD's FY2027 Small Area Fair Market Rents for 92516 are $1,660 (studio), $1,760 (1 BR), $2,170 (2 BR), $2,860 (3 BR) and $3,440 (4 BR) a month.

What is the Section 8 payment standard in 92516?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 92516 that range is $1,953 to $2,387 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 92516?

The FY2026 income limits of the Riverside-San Bernardino-Ontario, CA area apply: median family income $106,500, low-income (80%) limit $98,400 for a family of four.