Section 8 Fair Market Rent (FMR) for ZIP 85280 - 2027

FY 2027 Fair Market Rent Rates

To profile ZIP code 85280 as a Section 8 tenant pool, we must rely on the available data points. The population, percentage of renters, and median household income are currently unavailable, which limits our ability to provide a comprehensive analysis. However, we can still make some informed observations based on the information at hand.

The Fair Market Rent (FMR) for ZIP 85280 in fiscal year 2024 is set at $1880. This figure represents the maximum amount that landlords can charge tenants who receive Section 8 vouchers. Given the lack of specific local rental price data, we can infer that market rents in 85280 are likely to be close to this FMR, but without exact figures, we cannot state this definitively.

Connecting the FMR to the median household income is challenging due to the absence of income data. Typically, landlords aim for rents that do not exceed 30% of the median income to ensure affordability for their tenants. If we assume a scenario where the median income aligns closely with the FMR, then a household would need an income of approximately $6267 per month, or $75,200 annually, to afford the typical rent without financial strain. This is purely speculative and would require actual income data to confirm.

In terms of the type of tenant profile a landlord in 85280 should expect, it will depend heavily on the overall housing market dynamics and the availability of other affordable housing options. Landlords should anticipate tenants who are financially reliant on government assistance to meet their housing needs. These tenants will have a budget constraint and may be looking for lower-cost living options.

To attract and retain Section 8 tenants effectively, landlords in 85280 must ensure they comply with HUD regulations and maintain properties that meet the required standards. They should also prepare for potential longer-term tenancies, as Section 8 vouchers often lead to stable occupancy.

Given the lack of detailed demographic information, landlords and small-portfolio investors should conduct further research into the local rental market and tenant demographics to make well-informed decisions about their investments in ZIP 85280.

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.