Location: Yuma, AZ | Metro: Yuma, 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 | $1,110 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,440 |
| 5 Bedrooms | $2,830 |
| 6 Bedrooms | $3,170 |
| 7 Bedrooms | $3,424 |
| 8 Bedrooms | $3,595 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,120 | $183,113 | 0.61% | D |
| 2BR | $1,460 | $239,943 | 0.61% | D |
| 3BR | $2,020 | $352,568 | 0.57% | F |
| 4BR | $2,440 | $420,509 | 0.58% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 85367 in Yuma, Arizona, for fiscal year 2024 is set at $1520. This figure represents the maximum amount that a landlord can receive through the Section 8 program for a unit in this area. It is important to note that this is not the rent you will charge your tenants; it's the reimbursement limit for the Housing Choice Voucher program.
In contrast, the local market rent for ZIP 85367 is currently $1,715, according to the Zillow Observed Rent Index (ZORI). This means that if you're considering a Section 8 rental, you might have to accept a slightly lower reimbursement compared to the average market rate. However, the difference is minimal, making Section 8 a viable option for landlords looking to stabilize cash flow.
The 16.8% renter share indicates that a significant portion of the population in Yuma relies on renting, creating a steady demand for housing. This percentage suggests that there are enough potential tenants who qualify for the Section 8 program to ensure a good chance of occupancy.
If you're thinking about purchasing a property for your first Section 8 rental, the median home value in Yuma is approximately $324,712. This figure gives you an idea of the typical acquisition cost for a home in the area. Given the relatively low FMR and the moderate local market rent, the investment should align well with the expected returns from the program.
Before proceeding, verify that the property meets all the required standards for Section 8 eligibility. This includes ensuring the unit is safe, decent, and sanitary, and that it complies with the U.S. Department of Housing and Urban Development (HUD) guidelines. Once confirmed, the FMR of $1520 and the local rent of $1715 provide a solid basis for your financial planning, balancing the need for affordable housing with reasonable returns for landlords.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.