Location: Santa Cruz County, AZ | Metro: Santa Cruz County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,920 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
ZIP code 85640 is entirely composed of renters, making it an ideal location for landlords looking to attract tenants who rely on housing vouchers. With a population of 207 individuals, the entire community seeks rental properties, indicating a strong demand for affordable housing options.
The median household income in this ZIP code is $55,417. Although specific market rent figures are not available, we can use the Fair Market Rent (FMR) as a reference point. The FMR for the area is set at $1,530 per month for FY 2026, which is reflective of the metro region's average rent costs. To contextualize this, let's calculate the percentage of annual income that would go towards rent based on the FMR. At $1,530 per month, the yearly rent cost would be $18,360, which equates to roughly 33% of the median household income. This is a significant portion but still within the general guideline that housing costs should not exceed 30% of income.
Given the high percentage of renters and the reliance on housing vouchers, landlords in ZIP 85640 should anticipate a tenant pool heavily reliant on Section 8 vouchers. These tenants will have their rent subsidized up to the FMR, which means landlords can expect consistent and government-backed rental payments. However, it also implies a need for compliance with HUD regulations and possibly undergoing regular inspections to maintain voucher eligibility.
To summarize, 85640 is a renter-heavy ZIP code with a high demand for Section 8 vouchers. Landlords should prepare for a tenant base that is financially dependent on voucher assistance, with rents consuming a notable portion of local incomes. The expectation is for steady, subsidized rent payments in exchange for adherence to federal housing guidelines.
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.