In Fontana, Zillow's typical home value is $639,379.65 and typical observed monthly market rent is $3,042.22. Their implied gross yield is 5.71%, calculated as annual ZORI divided by ZHVI before every operating cost. The ZHVI is 6.22x ACS median household income, and annual ZORI equals 35.51% of that income. These citywide ratios frame acquisition scale and household affordability, not a property's attainable return or tenant-screening conclusion.
Fontana has 59,522 housing units, of which 58,362 are occupied; renters occupy 33.18% of occupied units. ACS reports an owner-reported median home value of $586,800 and median gross rent of $1,839 for surveyed occupied housing, with gross rent including contract rent and selected utilities. Those ACS measures cover different concepts and periods than Zillow's typical value and observed market rent, so they should not be averaged, substituted, or read as a Zillow discount.
The ACS rent-burden share is 53.64%. Single-family structures account for 80.59% of city housing units and large multifamily structures for 9.95%; the citywide vacancy rate is 1.95%, with for-rent units making up 28.62% of vacant units. Population is 214,169, or 1.62% above the baseline ACS vintage; because the vintages overlap, this is not an annual rate and boundary changes may matter. Median household income is $102,821, while the poverty rate is 9.92% and the unemployment rate is 6.50%. These are descriptive demand and stock constraints: they do not establish causation, lease-up speed, or the amount of investment inventory actually available.
In San Bernardino County, Realtor context shows a median 58 days on market and price reductions on 16.44% of active listings, useful for negotiation context but not Fontana-only liquidity. San Bernardino County's reported property-tax rate is 0.701%, a county input that still requires parcel verification. In the broader Riverside metro, employment grew 0.54% year over year and for-sale supply stood at 4 months; neither measure isolates Fontana. The national Freddie Mac mortgage rate was 6.58%, providing financing context rather than a quote for a specific borrower or property.
Underwriting remains limited by citywide typicals, survey sampling, mismatched measurement periods, and absent property economics. Before evaluating a specific purchase, verify the address-level asking price, current leases, attainable comparable rents, tenant-paid utilities, parcel taxes and assessments, insurance and climate exclusions, association charges, maintenance history, near-term capital work, legal unit status, and expected vacancy and management costs. Obtain a property-specific inspection, title and zoning review, and financing quote, then rebuild cash flow after all costs rather than treating gross yield as net income.