Section 8 Fair Market Rent (FMR) for ZIP 85617 - 2027

Location: Sierra Vista-Douglas, AZ | Metro: Sierra Vista-Douglas, AZ MSA

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,094

Median Household Income

$43,967

Housing Units

695

Renter Percentage

21.3%

Occupancy Rate

74.4%

Renter Occupied

110

The ZIP code 85617, located in Maricopa County, Arizona, is characterized by a mix of residential areas that offer both homeownership and rental opportunities. The region benefits from proximity to Phoenix, providing residents with access to urban amenities while maintaining a suburban feel.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 85617 for fiscal year 2024 is set at $930. This figure represents the maximum amount that a tenant could pay under the Section 8 program.
The average market rent for properties in this area stands at $596, according to the latest data from the Census Bureau's American Community Survey (ACS).
The median home value in ZIP 85617 is $202,473, indicating a relatively affordable market for potential homeowners.
Renters make up 21.3% of the housing market in this ZIP code, suggesting a significant but not overwhelming demand for rental properties.
The median household income in the area is $43,967, which can influence the affordability of housing and the willingness of tenants to participate in the Section 8 program.

Investors looking to enter the ZIP 85617 market should note the discrepancy between the Fair Market Rent and the actual market rent, indicating a potential opportunity to attract Section 8 tenants without pricing out other renters. The lower median home values suggest that this area might be more attractive to first-time homebuyers or those seeking affordable housing options. With a substantial portion of the population renting, there remains a viable market for rental properties, especially those willing to accept Section 8 vouchers. However, the relatively low median income could mean that competition for tenants who qualify for assistance will be high. Overall, ZIP 85617 presents a balanced investment opportunity, with both rental and homeownership prospects available, though investors should be prepared to navigate the complexities of the Section 8 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.