Section 8 Fair Market Rent (FMR) for ZIP 85372 - 2027

FY 2027 Fair Market Rent Rates

To classify ZIP code 85372 in Unknown, AZ, we must rely on the available data points: the Fair Market Rent (FMR) for fiscal year 2024, which is set at $1880. Unfortunately, the dataset does not provide market rent values, home values, percentage of renters, days on market (DOM), or median income figures necessary for a complete analysis.

The FMR of $1880 serves as a benchmark for rental prices in the area. This figure is determined by HUD and represents the maximum amount that a household paying 30% of their income towards rent should pay. For landlords and small-portfolio investors, this suggests a potential ceiling for rental prices, assuming the market closely follows FMR guidelines.

Without additional data, it's challenging to definitively categorize ZIP 85372 into a high-yield/low-stability flip-style market or a steady-cashflow zone. However, the absence of market rent data implies that there might be limited competition or transparency in the local rental market, which could indicate instability. On the other hand, the lack of data on home values and income levels means we cannot assess the financial health and demand of the area accurately.

In conclusion, while the FMR of $1880 provides a starting point for setting rental rates, the incomplete data set prevents a full assessment of the market's yield and stability. Further investigation into local rental market trends, property values, and economic indicators would be necessary to make a more informed classification.

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.