Location: Phoenix-Mesa-Chandler, AZ | Metro: Phoenix-Mesa-Chandler, AZ MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,120 |
| 5 Bedrooms | $2,459 |
| 6 Bedrooms | $2,754 |
| 7 Bedrooms | $2,974 |
| 8 Bedrooms | $3,123 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,380 | $170,237 | 0.81% | C |
| 3BR | $1,870 | $237,633 | 0.79% | D |
U.S. Census Bureau data (2024)
The ZIP code 85173, located in Superior, AZ, presents a significant opportunity for landlords interested in attracting Section 8 tenants. With a population of 2,600, it has a substantial rental market, with 30.3% of residents being renters. This indicates a renter-heavy environment where the demand for housing assistance through vouchers is likely to be high.
The median household income in this area is $46,128, which aligns closely with the financial realities faced by many Section 8 applicants. The market rent for the area stands at $881 per month, representing approximately 20% of the median household income. This suggests that typical rents are relatively affordable compared to the income levels of the local populace, making it easier for potential tenants to secure housing without the need for extensive subsidies.
However, when comparing the market rent to the Fair Market Rent (FMR) of $1,570 (as of FY 2024), it becomes evident that the actual market rent is significantly lower. This discrepancy means that landlords can potentially offer more competitive rents while still receiving adequate subsidies from the Section 8 program. It also implies that the voucher amount covers a larger portion of the rent, possibly up to 75%, leaving less for the tenant to pay out-of-pocket.
A landlord in ZIP 85173 should expect a tenant profile characterized by individuals and families who rely on government assistance to meet their housing needs. These tenants will likely have a mix of incomes below the area median, and they will be seeking affordable housing options. Given the low market rent relative to both the median income and the FMR, the ZIP code offers an attractive setting for landlords willing to participate in the Section 8 program, as it balances affordability with the likelihood of receiving timely rental payments through the voucher system.
In summary, ZIP 85173 is a renter-heavy area with strong demand for housing vouchers. The $881 market rent consumes only about 20% of the median household income, making it accessible to those who qualify for the Section 8 program. Landlords can anticipate a stable tenant pool that benefits from the voucher system, ensuring a balance between affordability and payment reliability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.