Section 8 Fair Market Rent (FMR) for ZIP 85712 - 2027

Location: Tucson, AZ | Metro: Tucson, AZ MSA

Investment Score for ZIP 85712

Monthly Rent (2BR)

$1,290

Median Price (2BR)

$229,568

1% Rule

0.56%

Annual Yield

6.74%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$900
1 Bedroom	$1,000
2 Bedrooms	$1,290
3 Bedrooms	$1,790
4 Bedrooms	$2,030
5 Bedrooms	$2,355
6 Bedrooms	$2,638
7 Bedrooms	$2,849
8 Bedrooms	$2,991

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,000	$112,053	0.89%	C
2BR	$1,290	$229,568	0.56%	F
3BR	$1,790	$319,476	0.56%	F
4BR	$2,030	$386,588	0.53%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

31,571

Median Household Income

$50,625

Housing Units

18,290

Renter Percentage

58.2%

Occupancy Rate

91.3%

Renter Occupied

9,718

Tucson, AZ's ZIP code 85712 is a vibrant neighborhood that offers a mix of residential living spaces and access to urban amenities. It is situated within a larger metropolitan area known for its diverse cultural offerings, outdoor activities, and affordable cost of living. For real estate investors, understanding the local rental market dynamics is crucial for making informed decisions.

The Fair Market Rent (FMR) for ZIP 85712 in fiscal year 2024 is set at $1,240, providing a benchmark for rental pricing in the area.
The actual market rent, as measured by the Zillow Observed Rent Index (ZORI), stands at $1,079, indicating that rental prices are slightly below the FMR.
The median home value in this ZIP code is $282,684, reflecting the overall housing affordability and property values.
Renters make up 58.2% of the population, suggesting a strong demand for rental properties.
The days on market (DOM) for rental listings is 28 days, which is relatively quick, pointing to a robust rental market with good tenant interest.
The median household income is $50,625, giving insight into the financial capacity of potential tenants.

Investors should note that while the FMR is higher than the actual market rent, the significant renter share and quick DOM indicate a healthy rental market. The median home value provides a solid basis for assessing the investment potential, while the median income suggests that most residents can afford the current rental rates. This combination makes ZIP 85712 an attractive area for those looking to invest in the rental market, ensuring both demand and profitability.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.