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 |
The ZIP code 86339 in Flagstaff, Arizona, presents a unique set of characteristics that distinguish it from other areas. Due to the lack of specific data on the number of residents, percentage of renters, median income, and median home value, the analysis will focus on the key economic indicators relevant to Section 8 housing.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 86339 is set at $1860 for fiscal year 2024. This figure represents the maximum amount landlords can charge for rent when leasing to tenants participating in the Section 8 program. Without specific market rent data, it's challenging to provide a direct comparison; however, landlords should ensure their rental rates align closely with this FMR to maximize occupancy and comply with federal guidelines.
The absence of detailed demographic and economic data suggests that ZIP 86339 might be a smaller or less densely populated area, which could imply fewer rental properties and a potentially niche market. For small-portfolio investors, this ZIP code may offer opportunities for focused investment in affordable housing, especially if there is a known demand for Section 8 vouchers in the region.
Given the limited data available, it's difficult to definitively categorize ZIP 86339 as either stable or transitional. However, the reliance on Section 8 vouchers indicates a need for affordable housing, which could be a sign of stability in providing essential services to residents or a transitional phase where the local economy is adjusting to meet housing needs. Landlords and investors should monitor local trends and consult with local real estate experts to better understand the dynamics of this ZIP code.
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.