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 real estate landscape in ZIP 85728, Arizona, presents a unique set of challenges and opportunities for landlords and small-portfolio investors. The median home value data is currently unavailable, which can be indicative of either a nascent market or a lack of comprehensive data. This ambiguity is further compounded by the fact that the percentage of listings that have been reduced and the median days on market (DOM) are also not available. However, these gaps in data suggest that there might be some uncertainty or volatility in the housing market, potentially giving sellers less pricing power over the next 12-24 months.
On the rental side, the Fair Market Rent (FMR) for ZIP 85728 is set at $1340 for fiscal year 2024. Without specific data on the current market rent, it's difficult to assess the immediate profitability of rental properties. However, the FMR provides a benchmark against which current rents can be measured. If the market rent is below this figure, there could be an opportunity for landlords to increase rents gradually, aligning with the FMR. Conversely, if market rents are already close to or above the FMR, landlords might face resistance from tenants when attempting to raise rents.
For long-hold investors, the lack of specific appreciation data makes it challenging to construct a strong appreciation thesis. Typically, appreciation theses are built around historical trends, projected growth, and economic indicators. In ZIP 85728, the absence of these key figures suggests that the market may not offer a clear path for significant capital appreciation. Instead, investors should focus on the steady income provided by rental yields and the potential for appreciation as the market matures and data becomes more robust.
In summary, the current state of the ZIP 85728 real estate market, marked by incomplete data on home values and listing dynamics, points towards a cautious approach for both pricing and rental strategies. Landlords and small-portfolio investors should consider the $1340 FMR as a guide for rental rates and be prepared for a market that offers limited clarity on future appreciation. This environment calls for a focus on stable cash flows rather than rapid capital gains.
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.