Real Estate Investing in Running Springs, California (92382)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 92382 (Running Springs, CA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 50.2% of homes vacant — above national norms.
- 1-year downturn: Values declined 4.8% in the last year.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Running Springs, CA (92382)?
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Market Analysis: 92382 Running Springs
Not every below-median market is a bargain. Running Springs's 92382 ZIP registers signals that favor experienced operators who can absorb the risk $347K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $347K asset, 92382 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 92382 sits on the difficult end of the CA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
A resilient renter share of 19% in 92382 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 92382 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Running Springs:
Property Strategy for 92382
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $247,689 | $1,720 | 5.0% | +7.7% | $247,689 |
| 2BR | $313,983 | $2,130 | 4.9% | +7.6% | $156,992 |
| 3BR | $401,957 | $2,820 | 5.1% | +6.7% | $133,986 |
| 4BR | $468,369 | $3,400 | 5.2% | +6.3% | $117,092 |
| 5BR | $618,214 | — | — | +6.4% | $123,643 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 92382 Compare?
| Metric | 92382 | Running Springs | Riverside-San Bernardino-Ontario, CA | California |
|---|---|---|---|---|
| Home Value | $347,237 | $347,237 | N/A | $761,003 |
| 5-Year CAGR | 2.2% | 2.2% | N/A | 5.7% |
| Avg Rent | $2,213 | $2,213 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 92382 (Running Springs, CA). Anonymous, moderated, never written by AI.
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Property managers serving San Bernardino County
Manage rentals here? List your business →Encore Property Management's homepage text is minimal, but the domain name strongly suggests property management services. summary from their website
Incline Consultants specializes in HOA and Condominium Management, offering services for community associations. summary from their website
J&C Real Estate's homepage text is minimal, focusing on CSS and layout, and does not provide sufficient information to confirm property management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $347,237 |
| Monthly Rent | $2,213 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | -4.8% ▼ |
| 3-Year CAGR | -2.1% ▼ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 92382
Population: 5,301
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Investor Insight: With 7,055 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Running Springs, CA?
Expect median prices around $347K in Running Springs, CA. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Is real estate in Running Springs, CA a good investment right now?
With a 3.0/5 investability score, Running Springs, CA ranks as a solid market for rental property investors. Median prices of $347K and rents of $2,213/mo drive the underlying numbers.
Does house hacking make sense in Running Springs, CA?
Running Springs, CA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $347K price point reasonable to enter.
Is Running Springs, CA landlord-friendly?
For rental operators, Running Springs, CA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
How much rent can I charge in Running Springs, CA?
Rent in Running Springs, CA is around $2,213/mo. The resulting rent-to-value relationship with $347K pricing is reasonable for most investor models.
You know 92382 now. You don’t know where it ranks.
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How 92382 ranks in Riverside-San Bernardino-Ontario, CA
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