Location: Flagstaff, AZ | Metro: Flagstaff, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,440 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,730 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
U.S. Census Bureau data (2024)
The ZIP code 86035 stands out due to its unique demographic profile. With only 1,612 residents, it represents a small community where 23.4% of the population rents their homes. The median income for this ZIP is $45,750, but notably, there is no available data for the median home value, suggesting a limited housing market.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 86035 is set at $1,460 for the fiscal year 2024, which is significantly higher than the market rent of $713 based on Census ACS data. This indicates that landlords accepting Section 8 vouchers could potentially receive higher rental payments compared to the local market rate, making it an attractive option despite the small number of renters.
The data signature for ZIP 86035 reads as stable. Despite the limited size of the community, the presence of a defined percentage of renters and the availability of higher FMRs suggest a consistent demand for rental properties that accept Section 8 vouchers. Landlords and small-portfolio investors should consider these factors when evaluating the potential benefits and risks associated with participating in the Section 8 program within this ZIP code.
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.