Location: Gila County, AZ | Metro: Gila County, AZ
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 | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,340 | $186,390 | 0.72% | D |
| 3BR | $1,690 | $264,764 | 0.64% | D |
U.S. Census Bureau data (2024)
The ZIP code 85501, located in Globe, Arizona, stands out within Gila County due to its unique demographic and economic characteristics. With a total population of 12,395 residents, 24.2% of whom rent their homes, Globe presents a mix of homeownership and rental markets. The median income in this area is $61,983, reflecting a middle-class community, while the median home value is notably higher at $236,035. This indicates a relatively stable housing market where property values are appreciable.
Moving into the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,290. In contrast, the actual market rent, according to Census ACS data, is significantly lower at $903. This discrepancy between the FMR and the market rent suggests that landlords who accept Section 8 vouchers in Globe can potentially charge rents closer to the FMR, thereby securing higher incomes compared to the average market rates. It also implies that the demand for affordable housing may be met by the current supply, as the market rent is below the FMR threshold.
The data signature for ZIP 85501 reads as "stable." The relatively high median home value alongside a moderate percentage of renters indicates a balanced market. While the median income is not exceptionally high, it supports the current housing costs, suggesting that the local economy can sustain these levels without significant strain. The difference between the FMR and the actual market rent further reinforces the stability, as it allows for flexibility in rental pricing for Section 8 properties. For landlords and small-portfolio investors, this stability provides a reliable environment for long-term investments, particularly in affordable housing sectors.
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.