Section 8 Fair Market Rent (FMR) for ZIP 85738 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 85738, located in Catalina, Arizona, lacks detailed demographic data typically available for residential areas. However, based on the limited information available, it is primarily a post office box area, which means it might not have the usual characteristics of a populated neighborhood. The median age for residents in this area is 40.4 years old, indicating a fairly balanced age distribution.

Moving to the economic aspects, the Fair Market Rent (FMR) for ZIP 85738 in fiscal year 2024 is set at $1340. This figure is crucial for landlords and investors considering participation in the Section 8 program. Given the lack of specific market rent data, we rely on the FMR as a benchmark for rental pricing.

When evaluating whether ZIP 85738 suits a hands-off voucher operator or a hands-on value-add buyer, several factors come into play. The absence of detailed demographic data suggests that this area may be less suitable for passive investment strategies, as understanding the tenant base is critical for effective management. On the other hand, for an active investor looking to add value through property improvements or strategic location advantages, the lower FMR could present opportunities to offer competitive rents while maintaining profitability.

In conclusion, ZIP 85738 offers a unique challenge due to its nature as a post office box area with limited population data. For those willing to engage actively in property management and value creation, the potential exists to leverage the $1340 FMR to attract tenants while ensuring financial returns.

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.