Location: La Paz County, AZ | Metro: La Paz County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 85348 in the metro area for fiscal year 2026 is set at $1,230. This figure represents the payment standard for Section 8 rentals, which is the amount the government will pay to cover a tenant's rent. It does not represent the total rent you can charge, but it is a key benchmark for determining your potential income.
In comparison, the average rent in 85348 based on Census American Community Survey (ACS) data is $1,005. This means that the Section 8 payment standard is higher than the local average, providing a better financial cushion for landlords who participate in the program.
The 12.9% share of renters in the area indicates a steady demand for rental properties. Given this percentage, you can expect a reasonable number of Section 8 tenants interested in your property, ensuring consistent occupancy and income.
When considering the acquisition cost of a property in ZIP 85348, the median home value of $202,824 offers insight into the investment required. For a Section 8 rental, the FMR provides a cap on the rent you can charge, but it also ensures a reliable source of income through government subsidies.
To verify before proceeding, check if your property meets the housing quality standards set by HUD, known as the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe and habitable, which is a prerequisite for participating in the Section 8 program. This verification step is crucial as it directly affects your eligibility to receive the guaranteed $1,230 per month for a rental unit in this ZIP code.
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.