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 Section 8 market analysis for ZIP code 85082 in Phoenix-Mesa-Chandler County reveals several key insights for landlords and small-portfolio investors. The Fair Market Rent (FMR) as determined by HUD for this area in fiscal year 2024 is set at $1880. However, due to the lack of current market rent data, it's challenging to provide a direct comparison. Nonetheless, based on the available HUD FMR, voucher tenants will likely cashflow at this rate, but the exact margin will depend on individual property costs.
To derive the rent-to-price ratio, we would typically compare the monthly rent against the median home value. Unfortunately, the median home value for ZIP 85082 is currently unavailable, which limits our ability to fully analyze the rent-to-price dynamics. This ratio is crucial for understanding how rental income compares to property values, influencing decisions between renting and buying.
In terms of days on market (DOM) and price cut percentages, these metrics are also not provided. These figures are important for assessing the speed and ease with which properties can be sold, which can affect an investor's decision-making process regarding the buy versus rent dynamic. Without these specifics, we cannot accurately gauge the impact of such trends on investment strategies.
The strongest investor angle in this market appears to be stability. Given the established HUD FMR, investors can rely on a consistent baseline for rental income, which is particularly valuable in a metropolitan area like Phoenix-Mesa-Chandler where economic conditions can vary widely. Stability ensures that investors have predictable cash flows, making Section 8 investments in ZIP 85082 a reliable choice for those seeking steady returns.
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.