Location: Navajo County, AZ | Metro: Navajo County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The ZIP code 86043 presents several challenges for landlords considering participation in the Section 8 program. Tenant turnover can be problematic when comparing the market rent, which is currently unavailable, to the Fair Market Rent (FMR) of $1,270 for the fiscal year 2026, based on metro area standards. This discrepancy can lead to financial instability if landlords cannot consistently attract tenants willing to pay the FMR.
Vacancy exposure is another significant risk. The Days on Market (DOM) figure for the area is also not available, making it difficult to predict how long a property might remain vacant between tenancies. A prolonged period without tenants can result in lost rental income and increased holding costs, such as property taxes and insurance.
The potential for deferred maintenance is high due to the lack of data on typical home values and median incomes in ZIP 86043. Without knowing these figures, it's challenging to assess whether residents have the financial capacity to maintain homes adequately. This could translate into higher repair and maintenance costs for landlords who must ensure their properties meet Section 8 standards.
However, there are mitigating factors that reduce some of these risks. The renter share in ZIP 86043 is 29.8%, indicating a substantial portion of the population relies on rental housing. High renter density typically correlates with greater demand for Section 8 vouchers, potentially easing the challenge of finding qualified tenants. Additionally, the presence of many renters suggests a robust local rental market, which can help stabilize occupancy rates even if individual tenant turnover is high.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP 86043 is moderate. While there are significant unknowns regarding market rents and home values, the strong renter base offers a degree of stability and assurance that demand for rental units will persist.
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.