Location: La Paz County, AZ | Metro: La Paz County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The analysis of ZIP 85371 in La Paz County, Arizona, reveals several key points regarding its viability for Section 8 real-estate investment.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $1,220. However, the lack of specific market rent data makes it challenging to directly compare these figures. Landlords should ensure that their property's rent aligns with the FMR to qualify for Section 8 tenancy.
Moving on to the affordability of acquisitions, the data indicates that the median home value, days on market (DOM), and the percentage of homes requiring price cuts are all currently unavailable. This absence of information means that potential investors must rely on other sources to gauge the cost-effectiveness of purchasing properties in this ZIP code. It also suggests a need for further research into local real estate trends before making any acquisition decisions.
The third point of interest is the tenant demand in ZIP 85371. With a population of 111, the area has a significant 90.0% renter share. This high percentage of renters indicates strong demand for rental housing, which is beneficial for landlords looking to secure long-term tenants through Section 8 programs.
Verdict: While the rent math seems to be straightforward given the FMR, the lack of specific market rent data introduces an element of uncertainty. Acquisition costs cannot be assessed due to missing data on median home values, DOM, and price-cut shares. Despite these limitations, the high renter share suggests that there is ample tenant demand, making ZIP 85371 potentially attractive for Section 8 investments. Landlords should proceed with caution, conducting thorough due diligence on market conditions and property values before committing to acquisitions in this area.
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.