Location: Gila County, AZ | Metro: Gila County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
U.S. Census Bureau data (2024)
9.2% of residents in ZIP 85553 are renters, indicating a moderate demand for rental properties in the area. However, the actual market rent is not available, which could suggest limited data or a less competitive rental market. Despite this, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,270, providing a benchmark for rental pricing. This figure can be used by landlords to ensure their rents are in line with HUD guidelines, especially when participating in the Section 8 program.
$334,474 is the median home value in ZIP 85553, reflecting a relatively stable housing market. Although the percentage of homes that have had to cut their prices is not available, it's important to note that this metric would typically indicate how challenging it might be to sell properties at their listed values. The lack of such data could mean that the local real estate market has been resilient, with few property owners needing to adjust their asking prices.
$50,762 is the median income for the area, which is crucial for understanding the financial capacity of potential tenants. Landlords should consider this figure when setting rents, as it will impact the ability of tenants to pay their rent on time and in full. Additionally, the absence of days on market (DOM) data suggests that homes are selling quickly, which could indicate a strong seller's market where homes are in high demand.
In conclusion, while there is a moderate demand for rental properties with 9.2% of residents being renters, the $1,270 FMR provides a solid guideline for pricing. With a median income of $50,762, landlords can expect a reasonable pool of potential tenants who can afford the rent. The median home value of $334,474 also indicates a stable housing market, though the lack of detailed market rent and price-cut data means caution is advised. For Section 8 investors, the area presents an opportunity, given the alignment between median income and FMR. However, due diligence is recommended to ensure compliance with HUD standards and to understand local market dynamics fully. ZIP 85553 is a viable location for Section 8 investments, but landlords must stay informed about the specific needs and regulations of the program.
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.