Section 8 Fair Market Rent (FMR) for ZIP 85274 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 85274, located in Arizona, is a region characterized by its suburban landscape and growing residential demand. This area presents opportunities for real estate investors looking to capitalize on the increasing need for affordable housing solutions.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 85274 for fiscal year 2024 is set at $1880.
• The market rent for properties in this area is currently not available, indicating a lack of recent data to compare against the FMR.
• The median home value in ZIP 85274 is also not available, which means that assessing the overall property value trends requires further investigation.
• The percentage of residents who are renters in this area is not specified, making it difficult to gauge the exact composition of the local housing market.
• The average number of days on the market (DOM) for rental listings is not available, suggesting that the speed at which properties are leased out remains undetermined.
• The median household income for the area is not available, implying that the economic profile of potential tenants needs to be explored further.

Given the available data, investors should focus on the subsidized rental market, where the Fair Market Rent provides a benchmark for pricing. The absence of recent market rent data and median home values indicates a less developed real estate market, potentially offering room for growth. Understanding the local economy and tenant demographics will be crucial for success, as detailed income and renter share statistics are not provided. Landlords and small-portfolio investors can leverage the FMR to attract tenants eligible for assistance programs, but they must remain vigilant about other market dynamics to ensure profitability.

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.