Location: Navajo County, AZ | Metro: Apache County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
47.0% of residents in ZIP 86034 are renters, indicating a strong demand for rental properties in the area. The $605 market rent, according to Census ACS data, suggests that rental prices are below the Fair Market Rent (FMR) of $1,250 set for the metro area in fiscal year 2026. This gap between market rent and FMR presents an opportunity for landlords and small-portfolio investors to offer affordable housing solutions while still maintaining profitability. Despite the lack of specific data on median home values and days on market (DOM), the $37,286 median income provides insight into the financial capacity of the local population. Given the median income and the current market rent, it's evident that many residents rely on assistance programs such as Section 8 to afford housing. The absence of information on price-cut shares does not detract from the overall picture of a rental market ripe for investment. In conclusion, the disparity between the $605 market rent and the $1,250 FMR, combined with the high 47.0% renter share and the median income of $37,286, makes ZIP 86034 a favorable location for Section 8 properties.
Section 8 Verdict: ZIP 86034 is well-suited for Section 8 investments due to the significant renter share and income levels that align closely with the need for subsidized housing options.
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.