Location: Navajo County, AZ | Metro: Navajo County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The ZIP code 85934 presents several challenges for landlords considering Section 8 investments. Tenant turnover can be a significant issue, especially when comparing the non-existent market rent data to the $1,370 Fair Market Rent (FMR) set for the fiscal year 2026, which reflects the metro area. This discrepancy suggests that landlords might face higher-than-average turnover rates as tenants seek better deals outside the program.
Vacancy exposure is another concern due to the lack of data on days on market (DOM). Without knowing how quickly properties typically fill, it's difficult to predict the financial impact of extended vacancies. The absence of information on typical home values also complicates assessing the overall condition of the housing stock, potentially exposing landlords to higher maintenance costs. Given the median income of $56,567, it's likely that many residents rely on Section 8 vouchers, which can lead to deferred maintenance if tenants have limited funds for upkeep beyond their rent obligations.
However, these risks must be weighed against the 13.1% renter share in the area. High renter density generally translates into higher demand for rental properties, including those accepting Section 8 vouchers. This demand can stabilize occupancy rates and reduce the likelihood of prolonged vacancies. Additionally, the concentration of renters can help mitigate some of the maintenance concerns, as there will always be a pool of potential tenants ready to move in.
In conclusion, despite the challenges posed by tenant turnover, vacancy exposure, and deferred maintenance, the high renter density in ZIP 85934 makes it a moderate risk for a first-time Section 8 landlord. The key to success lies in understanding the local market dynamics and being prepared to manage properties efficiently to attract and retain tenants.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.