Location: Lake Havasu City-Kingman, AZ | Metro: Lake Havasu City-Kingman, AZ MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,230 | $307,388 | 0.4% | F |
| 3BR | $1,710 | $416,533 | 0.41% | F |
| 4BR | $1,890 | $535,133 | 0.35% | F |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 investment in ZIP code 86429 in Bullhead City, AZ, include high tenant turnover due to the disparity between the market rent of $1,458 and the Fair Market Rent (FMR) of $1,180 for fiscal year 2024. This gap suggests that tenants might seek higher market rents, leading to frequent moves. Additionally, there is significant exposure to vacancy rates, as the Days on Market (DOM) is not available, indicating a lack of data on how quickly properties are rented out. Given the typical home value of $404,447 and the median income of $58,906, there is also a risk of deferred maintenance. Landlords must be prepared to handle maintenance costs that may exceed the income generated by Section 8 tenants.
However, these risks are somewhat mitigated by the high renter share of 35.0%, which typically indicates strong demand for rental properties, including those accepting Section 8 vouchers. A larger pool of renters increases the likelihood of finding reliable tenants who can utilize the vouchers effectively.
Verdict: Moderate risk for a first-time Section 8 landlord.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.