Location: Prescott Valley-Prescott, AZ | Metro: Prescott Valley-Prescott, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
1400 FMR (Fair Market Rent) for ZIP 86312 indicates that the maximum rental assistance payment for a two-bedroom apartment in this area is set at $1400 per month for fiscal year 2024. This figure is critical for landlords and small-portfolio investors considering participation in the Section 8 program.
N/A market rent suggests that there is no readily available data for the average rent prices in ZIP 86312, making it difficult to compare the FMR against typical market rates without further investigation. However, the absence of this information does not necessarily imply low demand; it simply means that accurate market pricing data is not currently accessible.
N/A median home value points to a lack of comprehensive data on property values within the ZIP code. This can be due to various factors including limited sales activity or the specific composition of the housing market in 86312.
N/A% renter share and N/A% price-cut share indicate that there is insufficient data to determine the proportion of renters in the area or the percentage of properties that have been discounted. This could mean that the housing market in 86312 is stable, with little fluctuation in property values or rental rates.
N/A median income highlights another gap in the available data, suggesting that a detailed analysis of the financial capabilities of potential tenants is not feasible without additional research. Understanding the local economy and employment opportunities would provide valuable context for these missing figures.
N/A-day DOM (Days On Market) implies that there is no data on how long properties typically remain unsold before closing, which could be an indicator of a robust real estate market where listings sell quickly, or it might reflect the scarcity of recent sales data.
Given the available data, the Section 8 program remains a viable option for landlords in ZIP 86312, especially considering the fixed $1400 FMR for two-bedroom units. However, the lack of specific market indicators such as median home value, renter share, median income, and days on market underscores the need for thorough local market analysis before making any investment decisions. The stability implied by the missing price-cut share data is promising but must be corroborated with other sources. Verdict: Section 8 is a reliable source of rental income in 86312, contingent upon local market conditions.
Data Sources: FMR data from HUD (2027).
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.