Location: Lake Havasu City-Kingman, AZ | Metro: Lake Havasu City-Kingman, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
U.S. Census Bureau data (2024)
To classify ZIP code 86411 based on yield and stability, we must consider several key factors including the Fair Market Rent (FMR), the percentage of renters, the days on market (DOM), and median household income.
The FMR for ZIP 86411 in fiscal year 2024 is set at $1200. This figure represents the maximum amount that landlords can charge for rent under the Section 8 program. Given that the market rent and home values are not available, we rely heavily on the FMR to gauge potential rental income. The median household income in this area is $67,697, which suggests a moderate economic base supporting rental demand.
The percentage of renters in ZIP 86411 is 3.5%, indicating a relatively low concentration of tenants. Typically, higher percentages of renters would suggest greater stability due to consistent demand for rental properties. However, with only 3.5% of residents being renters, there might be less competition among landlords, leading to potentially higher yields if the supply of rental units is limited. The lack of data on days on market (DOM) means we cannot assess how quickly properties are leased or vacated, which is crucial for understanding market turnover rates and landlord risk.
Based on the available data, ZIP 86411 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The moderate income level supports the idea of stable cash flow, as tenants are likely able to meet their monthly obligations. While the yield appears strong given the FMR of $1200 and the absence of competing market rents, the low percentage of renters might indicate a smaller pool of potential tenants, thus reducing the volatility associated with rapid turnover typical in flip-style markets.
To make a more precise classification, additional data points such as market rent, home values, and days on market would be necessary. These figures would provide a clearer picture of the balance between yield and stability in ZIP 86411.
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.