Section 8 Fair Market Rent (FMR) for ZIP 85733 - 2027

FY 2027 Fair Market Rent Rates

1340 is the Fair Market Rent (FMR) for ZIP code 85733 in Arizona for fiscal year 2024, according to HUD standards. This figure represents the maximum amount that a landlord can charge for a rental property under the Section 8 program. While the market rent is currently unavailable, the FMR provides a reliable benchmark for pricing properties in this area. The median home value and median income data for the ZIP code are also not available at this time, which suggests a lack of comprehensive residential data for making broader economic assessments. However, the absence of such data does not diminish the importance of the FMR in guiding rental pricing decisions. With 1340 being the set FMR, landlords can confidently price their units without fear of overcharging, ensuring compliance with the program's guidelines.

The percentage of renters in the area and the average days on market (DOM) for properties are also unspecified, indicating a need for further research to understand the local rental market dynamics. Similarly, the share of properties that have been subject to price cuts remains unknown, leaving landlords to rely on the FMR as a primary reference point for setting rental rates. This reliance on HUD's FMR underscores the utility of the Section 8 program in providing clear, consistent pricing guidance in areas where market data may be sparse or unreliable.

Based on the available data, landlords and small-portfolio investors in ZIP code 85733 should price their rental units at or below 1340 per month to remain competitive and compliant with the Section 8 requirements. This strategy ensures that they can attract tenants who qualify for the program without risking non-compliance. Given the lack of detailed market data, the FMR serves as a critical tool for navigating the local rental landscape. For those looking to invest in Section 8 properties in this ZIP code, adhering to the 1340 FMR will be key to success.

Section 8 verdict: Acceptable for investment given the clear FMR guidance, but further market analysis is recommended due to the absence of other critical data points.

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.