Section 8 Fair Market Rent (FMR) for ZIP 85130 - 2027

FY 2027 Fair Market Rent Rates

The market in ZIP 85130, located in Arizona, presents a unique set of dynamics that frame it as a region in flux. The Fair Market Rent (FMR) for the area stands at $1780 for fiscal year 2024, indicating a stable baseline for rental expectations. However, the lack of specific data on market rent, price-cut share, days on market (DOM), and median home value suggests a less transparent market environment. This absence of detailed metrics could point to either a nascent real estate market or an area with significant variability in property types and conditions.

With no specific information on the percentage of homes that are cut-price or the number of days properties remain on the market, it's challenging to determine whether supply outpaces demand or vice versa. Typically, a high price-cut share or extended DOM would signal an oversupply, but the N/A values here leave such conclusions open-ended. Similarly, the unknown median home value means we cannot assess the typical price range for homeownership in the area, which is crucial for understanding the local housing market's health and trends.

The N/A% renter share is particularly noteworthy. In markets with a higher percentage of renters, there tends to be greater long-term housing pressure, as rental demand can often exceed supply, leading to higher rents and potential instability. The lack of data on renter share in ZIP 85130 suggests that the proportion of renters to owners might be relatively low or that the data is not well-documented. This could imply a predominantly owner-occupied community, which generally experiences less immediate rental market pressures but may face other challenges related to property appreciation and affordability.

In summary, while the FMR provides a foundational insight into the rental landscape of ZIP 85130, the absence of other key metrics paints a picture of a market whose dynamics are not fully captured by current data. Landlords and small-portfolio investors should proceed with caution, considering the limited availability of comprehensive market indicators when making investment decisions.

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.