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 | $1,370 |
| 1 Bedroom | $1,470 |
| 2 Bedrooms | $1,710 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,500 |
| 5 Bedrooms | $2,900 |
| 6 Bedrooms | $3,248 |
| 7 Bedrooms | $3,508 |
| 8 Bedrooms | $3,683 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,710 | $263,687 | 0.65% | D |
| 3BR | $2,260 | $392,982 | 0.58% | F |
| 4BR | $2,500 | $458,075 | 0.55% | F |
| 5BR | $2,900 | $624,985 | 0.46% | F |
U.S. Census Bureau data (2024)
1870 is the Fair Market Rent (FMR) for ZIP code 85306 in Glendale, AZ, for fiscal year 2024, setting a clear benchmark for rental properties in the area. 1495 is the actual market rent, as measured by ZORI, indicating that rents are below the FMR, which could be advantageous for landlords participating in the Section 8 program. 405,783 is the median home value in the region, suggesting a moderate housing market that is neither overheated nor depressed. 35.2 is the percentage of renters in the area, showing a significant portion of the population relies on rental housing, which is positive for demand. 84,779 is the median income of residents, providing insight into the financial capacity of potential tenants. 22 is the average number of days on market (DOM) for rental listings, demonstrating a relatively quick turnover rate for rentals. 0.3 is the percentage of rental listings that have been price-cut, indicating a stable market where few landlords need to reduce their asking prices. Based on these figures, the Section 8 program presents a viable option for landlords and small-portfolio investors in Glendale, AZ, as it aligns well with the local rental market dynamics and provides a steady stream of qualified tenants.
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.