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)
The analysis of ZIP code 86431 reveals a unique real estate landscape, particularly when considering it through the lens of Section 8 housing. With an FMR (Fair Market Rent) of $1120 for fiscal year 2024, there's a notable absence of comparative market rent and home value data, which suggests that this area might be underserved or less competitive in the broader rental market.
Regarding stability, the ZIP code presents a very low percentage of renters at 0.0%, indicating that the majority of residents in this area own their homes rather than renting. This figure, however, does not provide a complete picture without additional context such as the typical days on market (DOM) or median household income, both of which are currently unavailable. The lack of these data points makes it challenging to fully assess the financial health and potential volatility of the rental market.
Given the available data, ZIP 86431 leans towards being a steady-cashflow zone for landlords participating in the Section 8 program. The absence of competition from market-rate rentals and the reliance on Section 8 vouchers can ensure consistent occupancy and predictable income. However, the low percentage of renters also implies limited demand for rental properties, suggesting that landlords should focus on quality and compliance with Section 8 standards to attract tenants.
The FMR of $1120 provides a clear benchmark for rental rates, but without knowing the typical market rent or home values, it's difficult to determine if this represents a high-yield opportunity. In the absence of significant market-rate competition, landlords could potentially achieve higher yields relative to their costs, especially if property acquisition or renovation costs are low. Nonetheless, the low tenant turnover indicated by the 0.0% renters figure suggests a stable environment where cash flow is reliable, though perhaps not exceptionally high.
To conclude, ZIP 86431 appears to be a niche market primarily suited for steady-cashflow investments in the Section 8 program, with the potential for above-average yields due to the lack of competition from non-subsidized rentals. Landlords should prioritize understanding the local subsidy landscape and ensuring properties meet all necessary criteria for Section 8 participation to capitalize on this opportunity.
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.