Location: Phoenix-Mesa-Chandler, AZ | Metro: Phoenix-Mesa-Chandler, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,400 |
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,740 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,550 |
| 5 Bedrooms | $2,958 |
| 6 Bedrooms | $3,313 |
| 7 Bedrooms | $3,578 |
| 8 Bedrooms | $3,757 |
The ZIP code 85076 in Phoenix-Mesa-Chandler County stands out due to the lack of specific demographic data available, including the number of residents, percentage renting, median income, and median home value. This absence of detailed information can be indicative of either a very small population or recent changes in the area that have yet to be fully captured by statistical surveys.
Moving to the specifics of Section 8 housing, the Fair Market Rent (FMR) for ZIP 85076 for fiscal year 2024 is set at $1880. This figure represents the benchmark rent amount that landlords can charge for their properties when participating in the Section 8 program. However, without the current market rent data, it's challenging to compare the FMR against typical rental prices in the area, which would normally help assess the financial viability of accepting vouchers.
In terms of stability, the ZIP code 85076 appears transitional due to the incomplete data signature. A stable ZIP code typically has well-established demographics and consistent economic indicators. The lack of these figures suggests that the area might still be developing or experiencing significant changes, making it less predictable for long-term investment strategies. Landlords and small-portfolio investors should proceed with caution, seeking additional local insights before committing to Section 8 participation.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.