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)
The ZIP code 85626, with a population of 1,332, is characterized by a significant rental market presence, with 25.9% of residents being renters. This indicates that while not overwhelmingly dominated by renters, there is still a notable segment of the population relying on rental housing. The median household income stands at $49,519, which provides a baseline for understanding the financial capabilities of potential tenants.
In terms of affordability, the average market rent of $688 represents a substantial portion of the median income. Specifically, typical rent consumes approximately 13.9% of the median household income. This figure is calculated by dividing the monthly rent by the annual income ($688 / $49,519 * 12 months), suggesting that rent is a considerable expense for many households in this area.
Comparing the market rent to the Fair Market Rent (FMR) of $910 for FY 2024, it's evident that the actual rent in 85626 is below the FMR threshold. This means that landlords in this area could potentially benefit from the Section 8 voucher program, as it could cover a larger portion of the rent than the market rate alone would suggest.
The kind of tenant profile a landlord should expect in 85626 includes individuals and families who rely heavily on their income to meet living expenses. Given the percentage of renters and the income levels, landlords can anticipate tenants who are likely to be cautious with their finances and appreciate stable housing conditions. These tenants may also have a higher dependency on government assistance programs such as Section 8, due to the relatively high cost of rent compared to their income levels.
To summarize, 85626 is a ZIP code with a moderate rental market presence and a significant need for affordable housing solutions. Landlords should prepare for tenants who are financially prudent and possibly reliant on housing vouchers to manage their rental payments.
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.