Location: Sierra Vista-Douglas, AZ | Metro: Sierra Vista-Douglas, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
ZIP 85609, part of the Sierra Vista-Douglas, AZ MSA, serves best as a diversifier in a Section 8 portfolio strategy. The median income here stands at $103,143, significantly higher than the previously mentioned figure of $78,779. This economic strength suggests that while there may be fewer Section 8 renters—only 0.0%—the area still provides opportunities for landlords and small-portfolio investors due to its robust financial environment.
The area's high median income indicates that residents can afford higher rents and utilities, which benefits landlords. Additionally, the median home value of $397,942 signals a stable and potentially appreciating market. However, given the lack of specific data on market trends and price-cut shares, it is difficult to categorize ZIP 85609 as an appreciation play.
The Fair Market Rent (FMR) for ZIP 85609 in fiscal year 2024 is set at $960. With no median home value or market data available, we cannot calculate a precise spread between FMR and market rates. Nonetheless, the high median income suggests that tenants might have a better ability to pay above the FMR, which could provide a buffer against potential underperformance.
In summary, ZIP 85609 should be considered a diversifier in a Section 8 portfolio strategy. Its strong economic indicators make it less risky compared to areas with lower incomes, and the potential for higher-than-FMR rents can enhance overall portfolio performance.
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.