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 |
1340 is the Fair Market Rent (FMR) for ZIP code 85752 in fiscal year 2024, setting a clear benchmark for rental properties in the area. N/A indicates a lack of recent market data on average rents, suggesting that the FMR serves as the most reliable figure for now. The absence of a median home value means there's limited information on property prices, which can be critical for investment decisions but highlights the need for further research. With a N/A% renter share, it's evident that the demographic composition in terms of renters versus homeowners isn't well-defined, making it harder to predict demand for rental units. The N/A median income statistic reveals that understanding the earning capacity of residents in 85752 is challenging without additional data points. A N/A-day DOM (Days On Market) suggests that the turnover rate for rental listings is unknown, potentially indicating a stable market where listings aren't rapidly moving or a lack of comprehensive data. The N/A% price-cut share implies that landlords in this area haven't had to frequently reduce their asking prices to attract tenants, pointing towards a market where properties are likely valued at or near their true worth.
Investors considering the Section 8 program in ZIP 85752 must align their rental rates with the $1340 FMR to ensure compliance and eligibility. Despite the gaps in market-specific data, the reliance on FMR provides a structured approach to pricing, minimizing the risk of overpricing and ensuring accessibility for low-income families. The lack of recent trends in median income and DOM makes it prudent for landlords to stay informed about local economic conditions and tenant preferences to maintain competitiveness.
The verdict on Section 8 for ZIP 85752 is that it offers a stable income source for landlords willing to adhere to the $1340 FMR, though thorough due diligence on local market dynamics is essential.
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.