Location: Tucson, AZ | Metro: Tucson, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
Tucson's ZIP code 85714 stands out within Pima County due to its unique demographic and economic characteristics. With a population of 14,498 residents, 46.8% of whom rent their homes, it reflects a significant demand for rental properties. The median income in this area is $55,000, indicating a middle-class community, while the median home value is $235,345, which is notably higher than the national average.
The voucher economics in ZIP 85714 are favorable for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1060, whereas the market rent, measured by the Zillow Observed Rental Index (ZORI), is $872. This discrepancy means that landlords can potentially earn a premium of $188 per month by accepting Section 8 vouchers over market rates. Such a gap suggests a strong incentive for property owners to participate in the program, given the additional income it provides.
Based on the data signature, ZIP 85714 appears to be a stable market. Its relatively high median home value alongside a substantial rental market indicates a steady demand for housing, both owned and rented. The significant difference between the FMR and ZORI further supports this stability, as it shows a consistent opportunity for landlords to benefit financially from the Section 8 program. This makes ZIP 85714 an attractive location for those looking to invest in rental properties, especially with the added advantage of Section 8 subsidies.
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.