Location: Navajo County, AZ | Metro: Navajo County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $960 |
| 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 analysis of ZIP code 86039 in Navajo County, Arizona, reveals several key points for landlords and small-portfolio investors.
The first question concerns whether the rent math works. The Fair Market Rent (FMR) for the area, as determined by HUD for fiscal year 2026, is set at $1,260. However, specific market rent figures are not available, which makes it difficult to directly compare and assess the viability of rental income based on current market conditions. Landlords should proceed with caution until more precise local market data can be obtained.
Regarding the affordability of property acquisition, the lack of specific figures for median home values, days on market (DOM), and the percentage of homes that require a price cut, hinders a comprehensive assessment. This absence of data suggests that the real estate market in ZIP 86039 may be less liquid or less active compared to other areas, potentially impacting the ease and cost of acquiring properties.
Tenant demand in ZIP 86039 is another critical factor. With a total population of 1,177, only 3.0% of residents are renters. This low renter share indicates a limited pool of potential tenants, which could lead to higher vacancy rates and increased competition among landlords to attract and retain tenants.
Verdict: Investing in ZIP 86039 presents challenges due to limited tenant demand and a lack of detailed market data necessary for informed decision-making. While the FMR provides a benchmark for rental pricing, the absence of specific market rent figures and acquisition metrics means that risks are elevated. Landlords and investors must carefully consider these factors before committing resources to this area.
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.