Location: Yuma, AZ | Metro: Yuma, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
The median home value in ZIP 85366 is currently unavailable, which makes it challenging to derive a precise rent-to-price ratio. However, the HUD Fair Market Rent (FMR) for FY 2024 is set at $1,260 for the area. This figure is critical for landlords considering Section 8 tenants.
The market rent for ZIP 85366 is also not readily available, which complicates direct comparisons. Nonetheless, given that the FMR is established at $1,260, we can infer that voucher tenants will likely cashflow at this rate, assuming the market rent does not significantly exceed this amount.
While the median days on market (DOM) and the percentage of homes that experienced price cuts are not specified, these metrics would be valuable for understanding the rent-versus-buy dynamics in the area. In ZIP 85366, the lack of such data suggests a stable market, where home values and rental prices do not fluctuate dramatically.
The strongest angle for investors in this ZIP code is stability. With a known FMR and the absence of significant market volatility, investors can rely on consistent cash flow from Section 8 tenants without the risk of substantial price adjustments or prolonged periods of unsold inventory.
To gain a clearer picture of the market, landlords should consult local real estate agents or platforms that provide up-to-date pricing information for both rentals and home sales.
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.