ZIP Code · CA

ZIP 92551

Pop. 37,425·Riverside County·655th most expensive ZIP in California
Median rent (all units)
$2,407/mo
Year-over-Year
+3.0%
Month-over-Month
Stable
vs US Median
+$475
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 92551 · $2,407
More expensive than 77% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,950
1 BR
$2,040
2 BR
$2,530
3 BR
$3,350
4 BR+
$4,040
Research median
$2,530/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 92551 is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of California

Rent in ZIP 92551 changed +3.0% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent has risen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($99,970) is $2,499 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,040); a 2-bedroom is $2,530.

Rank in Moreno Valley

2nd cheapest of 4 ZIP codes in Moreno Valley.

From Zillow's monthly rent index (ZORI) for ZIP 92551. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$28,884/yr
At $2,407/mo median
Location
StateCA
CountyRiverside County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.0% YoY, +0.0% MoM), not inventory.
Demographics

Who lives here

ZIP 92551 (Moreno Valley, CA) is majority owner-occupied, skews toward younger working-age adults, has a median income above the national average, 14% of residents hold a bachelor's degree or higher.

Population
37,425
Median income
$99,970
Median age
30.3
Renters
30%
Age distribution
25.5%
32.9%
23.7%
Under 1825.5%
18–3432.9%
35–5423.7%
55–649.6%
65+8.3%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
14.9%
15.6%
69.9%
White14.9%
Black15.6%
Hispanic69.9%
Asian3.5%
Education (25+)
22.8%
32.5%
30.8%
14%
No HS diploma22.8%
HS diploma32.5%
Some college30.8%
Bachelor's+14%
Housing tenure
70%
30%
Owner70%
Renter30%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 92551 in Moreno Valley, CA has changed in 5 years

Rent
$2,046 → $2,407
up 17.6%
Income
$80,287 → $99,970
up 24.5%
Population
35,421 → 37,425
up 5.7%
Renter share
34.6% → 30%
-4.6 pts
Bachelor's+
15.2% → 14%
-1.2 pts

The median rent in ZIP 92551 in Moreno Valley, CA stood at $2,046 in 2022 and currently runs about $2,407, reflecting a 17.6% increase over the period. Census figures show median household income at $99,970 today, compared with $80,287 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 5.7% since 2021, moving from about 35,421 residents to roughly 37,425. Renters now make up 30% of households, compared with 34.6% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

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Local insights

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About renting in ZIP 92551

Last updated: October 17, 2026

ZIP code 92551 covers Moreno Valley, CA. The median rent here is $2,407/mo as of October 2026. A 1-bedroom rents for a median of $2,040/mo. A 2-bedroom rents for a median of $2,530/mo.

At 29% of local median household income ($99,970/yr), ZIP 92551 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 92551?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (about $46/hour full-time) to afford the median rent of $2,407/mo in ZIP 92551. The local median household income is $99,970/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 92551?

Rent in ZIP 92551 has risen 3.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2022.

How does ZIP 92551 compare to other ZIPs in California?

ZIP 92551 is one of the more affordable among California ZIP codes for rent, ranking #655 of 898 at $2,407/mo. Over the year to September 2026, rent in ZIP 92551 changed +3.0%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.

How does ZIP 92551 compare to the rest of Moreno Valley?

At $2,407/mo, ZIP 92551 is $5 below the Moreno Valley citywide median of $2,412/mo. It is the 2nd cheapest of 4 ZIP codes in Moreno Valley.
Income Affordability
29%
AFFORDABLE

At $2,407/mo, rent takes ~29% of ZIP 92551's median household income ($99,970/yr). The standard benchmark is 30%.

ZIP 92551 29%Benchmark 30%
State income tax1–13.3%
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Schools nearby

Public schools near ZIP 92551 (Moreno Valley, CA)

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