Section 8 Fair Market Rent (FMR) for ZIP 85717 - 2027

FY 2027 Fair Market Rent Rates

1340 is the Fair Market Rent (FMR) for ZIP 85717 in fiscal year 2024, setting a clear benchmark for rental properties in the area. However, the market rent for the same region is listed as N/A, indicating a lack of recent data or significant volatility that could affect investment decisions. Similarly, the median home value for ZIP 85717 is also marked as N/A, suggesting that there might be limited residential sales data available, which can complicate valuations based on comparable sales. The renter share percentage for this area stands at N/A%, reflecting an incomplete picture of the local housing market dynamics. With the median income also noted as N/A, it's challenging to gauge the financial capacity of potential tenants in ZIP 85717. Days on Market (DOM) is listed as N/A, which typically would indicate how quickly homes are selling but here suggests a data gap regarding recent property transactions. The price-cut share is recorded as N/A%, pointing to a lack of information on how often sellers are reducing their asking prices, which is crucial for understanding seller urgency and market conditions. Given these data points, landlords and small-portfolio investors should approach ZIP 85717 with caution, focusing heavily on the $1340 FMR as a reliable guide for setting rents. Despite the limitations in other metrics, the FMR provides a solid foundation for assessing the viability of rental investments in this area. The Section 8 program, which uses the FMR to determine payment standards, remains a stable option for those willing to navigate the uncertainties presented by the incomplete data set.

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.