Location: Yuma, AZ | Metro: Yuma, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
U.S. Census Bureau data (2024)
The rent math in ZIP 85352 does not work in favor of landlords. The Fair Market Rent (FMR) set at $1010 for the fiscal year 2024 is significantly higher than the actual market rent reported by the Census ACS, which stands at $763. This discrepancy suggests that landlords may struggle to charge rents at the FMR level, leading to potential financial losses.
Regarding acquisition affordability, the data reveals several issues. The median home value is listed as N/A, indicating a lack of recent sales data to gauge typical property values. Similarly, the days on market (DOM) and the percentage of homes needing price cuts are also marked as N/A, which means there is insufficient information to determine how easy it would be to acquire properties at reasonable prices. Landlords should proceed with caution due to these data gaps.
Tenant demand in ZIP 85352 is strong, with a total population of 278 individuals, and 89.4% of them being renters. This high renter share points to a robust demand for rental properties, making it likely that any rental units available will be quickly occupied. However, the small population size limits the overall number of potential tenants.
In conclusion, while there is a notable demand for rental properties in ZIP 85352, the rent math does not currently support profitability at the FMR level. The lack of recent data on median home values, DOM, and price cut percentages makes assessing the ease of property acquisition challenging. Small-portfolio investors and landlords should carefully consider these factors before investing in this area, particularly focusing on aligning rental prices with market rates to ensure occupancy and profitability.
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.