Location: Flagstaff, AZ | Metro: Flagstaff, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,730 |
| 3 Bedrooms | $2,150 |
| 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 86052 presents several challenges for potential Section 8 landlords. Firstly, the tenant turnover rate can be unpredictable due to the discrepancy between the market rent and the Fair Market Rent (FMR) of $1860 set for FY 2024. This gap can lead to tenants seeking better deals elsewhere, increasing the likelihood of frequent turnovers. Secondly, the vacancy exposure is significant given the lack of data on the days on market (DOM), which makes it difficult to predict how long a property might remain vacant between tenancies. Lastly, there is a notable risk of deferred maintenance, as the typical home value and median income figures are unavailable. These unknowns can impact the ability of residents to maintain homes properly, leading to higher repair costs for landlords.
Despite these risks, the ZIP code has a 100.0% renter share, indicating a high concentration of renters. This high density typically correlates with a strong demand for rental housing, including those supported by Section 8 vouchers. The robust demand can help mitigate the risk of vacancies and ensure steady cash flow once a voucher holder is secured.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.