Location: Graham County, AZ | Metro: Graham County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 85530 presents a unique opportunity for both landlords and small-portfolio investors. The median home value is currently not available, which can indicate either a nascent market or one that lacks substantial historical data. However, the fact that a significant percentage of listings are being reduced suggests a sellers' market where initial asking prices are often higher than what buyers are willing to pay, leading to downward adjustments.
The median days on market (DOM) is also not specified, but generally, a lower DOM indicates a faster-selling market, which can be beneficial for sellers looking to turn their property quickly. This, combined with the reduction in listing prices, signals that while there may be some pricing power, it is likely constrained by buyer demand and market conditions.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,240, whereas the current market rate based on Census ACS data stands at $354. This stark difference highlights an underdeveloped rental market in 85530, suggesting potential for growth as the area matures and attracts more residents.
For long-term investors, the setup implies a cautious approach to appreciation. While the rental market shows promise for significant growth, the lack of specific data on home values and DOM makes it difficult to assert a strong appreciation thesis. Instead, the focus should be on the potential rental income gains as the area develops and rents rise closer to the FMR levels.
The disparity between the FMR and current market rates also points to an underserved rental market, which could present opportunities for investors who can offer quality, affordable housing. As the local economy grows and attracts new residents, the demand for rental properties will likely increase, pushing market rates up towards the FMR projections.
In summary, the current market indicators in ZIP 85530 suggest a dynamic environment with potential for both property sales and rentals. Landlords and small-portfolio investors should consider the rental market's growth trajectory and the possible constraints on home value appreciation when making investment decisions.
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.