Real Estate Investing in San Bernardino, California (92404)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 92404 (San Bernardino, CA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in San Bernardino, CA (92404)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 92404 San Bernardino
Investors eyeing 92404 need to respect the fundamentals at play. Home values of $488K come alongside slower price movement and elevated management overhead.
For an experienced owner, 92404 can be a an appealing option for hunting ground — but the discount at $488K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in San Bernardino have seen price recovery that 92404 has not matched. San Bernardino County data supports the view that the spread is structural rather than temporary.
Who lives in 92404 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 92404 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in San Bernardino:
Property Strategy for 92404
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $234,902 | $1,670 | 5.1% | +11.0% | $234,902 |
| 2BR | $401,212 | $2,080 | 3.7% | +9.3% | $200,606 |
| 3BR | $479,900 | $2,780 | 4.2% | +8.4% | $159,967 |
| 4BR | $530,404 | $3,380 | 4.6% | +8.1% | $132,601 |
| 5BR | $609,281 | — | — | +7.9% | $121,856 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 92404 Compare?
| Metric | 92404 | San Bernardino | Riverside-San Bernardino-Ontario, CA | California |
|---|---|---|---|---|
| Home Value | $487,796 | $403,902 | N/A | $761,003 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 5.7% |
| Avg Rent | $1,856 | $2,149 | N/A | - |
| Cap Rate | 3.0% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 92404 (San Bernardino, 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 | $487,796 |
| Monthly Rent | $1,856 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 Rent Trends
| 1-Year | -10.2% ▼ |
| 3-Year CAGR | -2.1% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 92404
Population: 63,067
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
🎓 Schools in 92404
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 11,746 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in San Bernardino, CA a good investment right now?
San Bernardino, CA registers an investability rating of 3.0/5, with median home values near $488K and average rents around $1,856/mo. That combination puts it in the robust tier for investor interest.
What is the average monthly rent in San Bernardino, CA?
Rental rates in San Bernardino, CA average $1,856/mo. Tenant demand and $488K home values make the yield look reasonable by investor standards.
Is the tenant base reliable in San Bernardino, CA?
Working renters make up the core of the San Bernardino, CA tenant base. The pool is reasonable for investors targeting long-term holds.
Is CA a landlord-friendly state?
For rental operators, San Bernardino, CA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
What kind of vacancy should I budget for in San Bernardino, CA?
San Bernardino, CA carries elevated vacancy risk. Expect reliable absorption at market rents of $1,856/mo.
You know 92404 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 92404 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 92404 ranks in Riverside-San Bernardino-Ontario, CA
Every ZIP in this metro, ranked. Free.
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