Section 8 Fair Market Rent (FMR) for ZIP 86426 - 2027

Location: Lake Havasu City-Kingman, AZ | Metro: Lake Havasu City-Kingman, AZ MSA

Investment Score for ZIP 86426

Monthly Rent (2BR)

$1,230

Median Price (2BR)

$254,748

1% Rule

0.48%

Annual Yield

5.79%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,230	$254,748	0.48%	F
3BR	$1,710	$332,415	0.51%	F
4BR	$1,890	$403,697	0.47%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

15,467

Median Household Income

$64,551

Housing Units

8,064

Renter Percentage

14.3%

Occupancy Rate

87.6%

Renter Occupied

1,011

The Fort Mohave, AZ area, specifically ZIP code 86426, presents a unique opportunity for real-estate investors looking to enter a market that balances affordability with growth potential. Nestled along the Colorado River, it offers a blend of desert living and proximity to outdoor recreational activities.

Fair Market Rent (FMR): The FMR for ZIP 86426 in fiscal year 2024 is set at $1290, indicating the average rental price for a two-bedroom apartment under the Section 8 program.
Market Rent: According to ZORI (Zillow Observed Rental Index), the current market rent for properties in this ZIP stands at $1,739, suggesting a premium over the FMR.
Median Home Value: The median home value in Fort Mohave is $332,435, which is relatively low compared to many other areas in Arizona, making it attractive for first-time buyers and investors alike.
Renter Share: Renter share in the area is 14.3%, meaning that nearly one in every seven residents are renters, providing a consistent demand for rental properties.
Days on Market (DOM): Properties typically spend about 50 days on the market before being sold, reflecting a moderate pace of sales activity.
Median Income: The median household income in ZIP 86426 is $64,551, which supports the ability of residents to afford higher rents while still leaving room for rental subsidies.

Investors should note that the disparity between the Fair Market Rent and the market rent indicates a potential for profit through rental properties. With a median home value below state averages and a steady renter population, there's a strong case for both buying and renting out homes in Fort Mohave. However, the slightly longer DOM suggests that while the market is active, it may take some time to find the right property or sell one, so patience is advised. Overall, Fort Mohave offers a balanced investment opportunity with solid fundamentals.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.