Location: Tucson, AZ | Metro: Tucson, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
The Fair Market Rent (FMR) for ZIP code 85709 in fiscal year 2024 is set at $1340. This figure represents the payment standard for Section 8 housing vouchers, meaning that the government will pay up to this amount to cover a tenant's rent if it falls below this threshold. It does not determine your rent; you can charge less than $1340, but not more, to receive full reimbursement under the program.
To put this into perspective, the local median rent in ZIP 85709 is currently listed as N/A, which indicates there might be limited data available on typical rental prices in the area. However, the FMR serves as a benchmark for affordability and ensures that the rental property is priced reasonably for low-income families.
The percentage of renters in the area who could potentially benefit from Section 8 is also noted as N/A%. This suggests that while demand for affordable housing likely exists, the exact share of potential tenants is unclear without further data. Nonetheless, participating in the Section 8 program can help tap into a market segment that might otherwise struggle to find suitable housing.
In terms of acquiring properties in ZIP 85709, the average home value is listed as N/A. This information can guide your investment decisions, helping you understand whether the purchase price aligns with the expected rental income and government reimbursement rates.
Before committing to a Section 8 rental, verify that your property meets all the required standards for habitability and safety. The Housing Quality Standards (HQS) ensure that the living conditions are satisfactory for tenants, and failing to meet these can result in penalties or loss of participation in the program.
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.