Location: Navajo County, AZ | Metro: Gila County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
U.S. Census Bureau data (2024)
The ZIP code 85941, with a population of 10,459, is notably renter-heavy, boasting a 41.1% rental rate. This indicates a robust demand for rental properties, particularly those that can cater to tenants utilizing Section 8 vouchers. The median household income stands at $43,259, which provides a critical benchmark against the prevailing market rents.
In this ZIP code, the average market rent is $604 per month. This represents approximately 14% of the median household income, calculated by dividing the monthly rent by the annual income ($604 / ($43,259 / 12)). This percentage suggests that typical rents are relatively affordable compared to local incomes, making it feasible for many residents to cover their housing costs without significant financial strain.
However, the comparison to the Fair Market Rent (FMR) of $1,270 (for FY 2026, metro) reveals a substantial gap. The FMR is set higher than the actual market rent, indicating that the government's estimate of what constitutes a fair rent in the area is significantly above what landlords are currently charging. This discrepancy could mean that landlords in 85941 might be able to increase rents closer to the FMR level while still remaining competitive, especially if they offer properties that align well with the needs of Section 8 tenants.
A landlord in ZIP 85941 should anticipate a tenant profile primarily composed of individuals and families relying on Section 8 vouchers. These tenants will likely have a household income below the median, given the nature of the program. Landlords must be prepared to navigate the requirements and regulations associated with accepting Section 8 vouchers, including income verification processes and potential caps on rent amounts.
To summarize, 85941 is a prime location for landlords interested in attracting Section 8 tenants due to its high rental rate and low market rents relative to income. The typical rent consumes only a modest portion of local income, suggesting affordability and potentially high occupancy rates. However, landlords should be aware of the regulatory environment and the specific needs of voucher recipients to ensure a successful tenancy.
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.