Section 8 Fair Market Rent (FMR) for ZIP 85721 - 2027

FY 2027 Fair Market Rent Rates

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 web search did not yield specific data for ZIP code 85721, including its residents, percentage renting, median income, and median home value. However, we can proceed with the available information on the Fair Market Rent (FMR) for Section 8 vouchers and analyze it within the context of the data provided.

Section 8 vouchers in ZIP 85721 have a Fair Market Rent (FMR) set at $1340 for fiscal year 2024. This figure is critical for landlords and small-portfolio investors considering participation in the program. The FMR serves as a benchmark for rental subsidies, ensuring that families receive assistance based on the local rental market conditions.

Without specific market rent data for ZIP 85721, it's challenging to directly compare the FMR to prevailing market rates. However, the FMR is designed to reflect the 40th percentile of rents for standard-quality rental units in the area, providing a reasonable approximation of market conditions.

The absence of detailed demographic data means that the economic stability of ZIP 85721 cannot be fully assessed. Typically, a stable ZIP code would exhibit consistent trends in population, rental rates, and median income over time. In contrast, a transitional ZIP code might show fluctuations in these metrics, indicating a period of change.

To make informed decisions, landlords and investors should monitor local real estate trends and consult with local housing authorities to understand how the FMR aligns with actual market conditions. Participation in the Section 8 program can provide a steady stream of rental income, but it requires adherence to federal guidelines and regular inspections.

In summary, while the data signature for ZIP 85721 is incomplete, the FMR of $1340 offers a starting point for evaluating the potential benefits of accepting Section 8 vouchers. Continued vigilance on local market dynamics will help determine if the ZIP code is stable or transitional, guiding future investment strategies.

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.