Location: Graham County, AZ | Metro: Graham County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
U.S. Census Bureau data (2024)
The ZIP code 85535 is situated in a unique setting within the Phoenix metropolitan area. This neighborhood is characterized by a relatively small population of 42 residents, which is significantly lower than the average ZIP code population. Notably, there are no renters reported in this area, indicating that it is primarily composed of homeowners. The median income and median home value data for this ZIP code are not available, suggesting a lack of comprehensive statistical information.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area, as of fiscal year 2026, is set at $1,240. However, specific market rent figures for ZIP 85535 are unavailable, which could be due to the low number of rental units or the absence of recent rental activity in the area. The discrepancy between the FMR and the non-existent market rent data highlights the challenge in accurately assessing the rental market dynamics within this ZIP code.
Given the characteristics of ZIP 85535, it would be more suitable for a hands-off voucher operator rather than a hands-on value-add buyer. The absence of renters and the limited population suggest a stable but inactive rental market. For a voucher operator, the area's low population density and high homeownership rate could mean fewer opportunities for turnover and more straightforward management. Conversely, for a value-add buyer looking to renovate properties and increase their rental value, the lack of available rental units and the absence of market rent data make it difficult to identify potential investment targets and assess profitability.
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.