Location: Lake Havasu City-Kingman, AZ | Metro: Lake Havasu City-Kingman, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
The HUD Fair Market Rent (FMR) for ZIP code 86430, which encompasses parts of Lake Havasu City and Kingman in Arizona, is set at $1210 for fiscal year 2024. However, the market rent data for this area is currently unavailable, making it difficult to provide a direct comparison between the HUD FMR and what landlords might typically charge.
Given the lack of market rent data, it's challenging to determine whether voucher tenants will cashflow at the FMR rate, marginally, or only with premium units. Nonetheless, landlords should consider the local rental market conditions to ensure that their properties are priced competitively while still achieving positive cashflow.
The median home value for ZIP code 86430 is also currently not available, which means we cannot accurately calculate the rent-to-price ratio. This ratio is important because it helps investors understand the relationship between rental income and property values, providing insights into whether renting or buying makes more sense financially.
With the unavailability of the day median DOM (Days on Market) and the percentage of price cuts, it's hard to assess how quickly properties are selling and the extent to which sellers might be lowering their prices to attract buyers. These metrics can influence the decision-making process for investors considering whether to focus on rental or purchase opportunities.
In the absence of comprehensive market rent data, the primary angle for investors in ZIP code 86430 appears to be stability. The HUD FMR provides a reliable benchmark for rental rates, ensuring consistent cashflow for those who can manage their expenses effectively around this figure. Stability in rental income is crucial for long-term investment success, especially when dealing with voucher tenants whose rents are guaranteed by the government.
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.