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 Section 8 housing market in ZIP code 86433, located in Lake Havasu City-Kingman, AZ MSA, offers a unique opportunity for investors. The HUD Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1130, which represents the maximum amount that voucher holders can pay towards their monthly rent. However, without specific market rent data for comparison, it's challenging to determine the exact cashflow potential.
To provide clarity, let's assume the market rents are higher than the HUD FMR. In such a scenario, landlords would need to offer premium units to achieve positive cashflow. This means that properties with above-average amenities and maintenance levels would be required to attract voucher tenants willing to pay the maximum $1130. If market rents are closer to or below the HUD FMR, then landlords could expect marginal cashflow or even breakeven scenarios with standard units.
The median home value in ZIP 86433 is not available, making it difficult to calculate the precise rent-to-price ratio. However, this ratio is crucial for understanding the overall rental market dynamics and comparing them to the buying market. A high rent-to-price ratio indicates that renting is more profitable relative to buying, while a low ratio suggests the opposite.
Without specific data on days on market (DOM) and the percentage of price cuts, it's important to note that these factors can influence the decision between renting and buying. Generally, a high DOM and significant price cuts indicate a buyer-friendly market, whereas low DOM and minimal price reductions suggest a seller's market.
The strongest angle for Section 8 investors in ZIP 86433 is likely to be stability. Given the guaranteed income from the government vouchers, investors can rely on consistent cashflow, which is particularly valuable in a region where market fluctuations might otherwise pose risks. Stability ensures that investors have predictable returns, making it an attractive proposition in this ZIP code.
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.