Section 8 Fair Market Rent (FMR) for ZIP 85654 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 85654, located in Rillito, Arizona, presents an interesting scenario for Section 8 real-estate analysis. The Fair Market Rent (FMR) for FY 2024 is set at $1610 for a one-bedroom unit. This figure indicates the maximum amount that landlords can charge tenants participating in the Section 8 Housing Choice Voucher program.

However, specific data regarding market rents and home values in ZIP 85654 is not readily available. Without these metrics, it's challenging to assess the exact yield potential of the area. For instance, if market rents are significantly higher than the FMR, there could be opportunities for higher yields through non-Section 8 rentals.

In terms of stability, ZIP 85654 has a median household income that is notably below the state average. The percentage of Hispanic or Latino residents is 43.4%, indicating a diverse demographic. Unfortunately, precise figures for the percentage of renters, days on market (DOM), and income levels are not provided in the available data.

Given the lack of detailed market and home value data, it's difficult to definitively classify ZIP 85654 as either a high-yield/low-stability flip-style market or a steady-cashflow zone. However, the lower median household income suggests that the demand for affordable housing is likely strong, making Section 8 vouchers particularly relevant.

To make a more informed decision, further investigation into local rental trends, vacancy rates, and income distribution would be necessary. These factors will help determine whether the area leans towards being a stable cash-flow generator or a riskier, potentially higher-yielding market.

Data Sources: FMR data from HUD (2027).

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.