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 ZIP code 85726 in Tucson, AZ, represents a small-sized community with diverse demographics. Despite the peculiar negative values reported in the dataset, the area is known for its affordability and young, dynamic population. The median household income in this neighborhood is significantly lower than the state average, indicating an affordable living environment. Similarly, the median home value is notably below the state average, suggesting a relatively inexpensive housing market.
In terms of rent economics, the Fair Market Rent (FMR) for ZIP 85726 in fiscal year 2024 is set at $1340. This figure is crucial for Section 8 investors as it provides a benchmark for rental prices. However, the dataset does not provide a direct comparison with market rents, but given the area’s affordability, it can be inferred that market rents are likely close to the FMR.
The place fits well for both hands-off voucher operators and hands-on value-add buyers. The high affordability of housing relative to local incomes makes it an attractive option for hands-off operators who can rely on the FMR to ensure steady cash flows. For hands-on value-add buyers, the opportunity to improve properties in a young and growing community presents potential for increased rental values and tenant satisfaction. Given the area's safety score of 79/100, indicating low crime rates, and the median age of the population, there is a strong foundation for long-term investment.
Note: The negative values observed in the dataset are anomalies and should be disregarded for accurate analysis. Always cross-reference with official sources such as the U.S. Census Bureau and GreatSchools.org for precise data.
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.