Section 8 Fair Market Rent (FMR) for ZIP 85135 - 2027
Location: Gila County, AZ | Metro: Gila County, AZ
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,120 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$29,722
To determine if a landlord should buy in ZIP code 85135 for Section 8 purposes, follow these decision points:
- Does the Fair Market Rent (FMR) of $1,570 clear debt service on a property?
- If the monthly debt service on a property is less than $1,570, then yes, the FMR covers the costs.
- If the monthly debt service exceeds $1,570, then no, the FMR does not cover the costs.
- Is the market rent above, at, or below the FMR?
- The data indicates that the market rent is currently N/A. This information is critical to understanding the potential for positive cash flow or the risk of negative cash flow.
- If the market rent is above $1,570, landlords can expect to make up the difference with non-Section 8 tenants.
- If the market rent is at or below $1,570, landlords will need to rely solely on the FMR to cover expenses.
- Are there enough renters and days on market (DOM) to meet demand?
- The rental rate in ZIP 85135 is 16.0%, indicating a moderate level of demand for rental properties.
- The DOM is listed as N/A, which means it's unclear how quickly properties are being rented out.
- If the DOM is low (e.g., under 30 days), it suggests strong demand and a good chance of finding tenants promptly.
- If the DOM is high, it could indicate a weaker rental market and longer periods without income.
Based on the available data, the decision to invest in ZIP 85135 for Section 8 properties hinges on the specifics of individual properties and the broader market conditions. Landlords must ensure that the FMR of $1,570 is sufficient to cover their debt service. They should also consider whether market rents offer an opportunity for additional income and if the rental demand, as indicated by the 16.0% renters and DOM, supports timely tenancy. It depends on these factors whether the investment will be profitable or feasible.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.