Location: Lake Havasu City-Kingman, AZ | Metro: Lake Havasu City-Kingman, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
U.S. Census Bureau data (2024)
1220 is the Fair Market Rent (FMR) for ZIP code 86436 as of fiscal year 2024, setting a benchmark for rental properties in the area. 939 represents the average market rent derived from the Census American Community Survey, indicating that properties priced at the FMR level may command a premium over typical market rates. 268,079 is the median home value in the region, suggesting a moderate property investment climate. 41.7% is the percentage of residents who are renters, reflecting a substantial demand for rental housing. 44,077 is the median income in the area, which is below the national average, implying that many tenants will likely qualify for assistance programs such as Section 8. The day's DOM (Days on Market) and percentage of price-cut share data are not available, which could indicate either a very active market where listings move quickly or a lack of comprehensive data for this particular ZIP code. Given the disparity between the FMR and market rent, along with the significant renter population and lower median income, landlords and small-portfolio investors should consider Section 8 participation as a viable strategy to ensure steady occupancy and cash flow.
Investors looking to enter the 86436 market should be aware of the 1220 FMR cap, which limits how much they can charge for a Section 8 voucher-assisted tenant. Despite this, the 939 average market rent suggests that there is room for profit above typical rates when securing non-assistance program tenants. The 268,079 median home value indicates that while property values are not exceptionally high, they still represent a considerable investment, making it crucial to maximize rental income through effective management practices or by leveraging the 41.7% renter share to maintain a fully occupied portfolio. With 44,077 being the median income, the potential for Section 8 tenants is strong, given the lower income levels relative to the FMR.
The absence of DOM and price-cut share data means investors must rely on other indicators to assess market dynamics. However, the combination of the 1220 FMR, 939 market rent, and 41.7% renter share provides a solid foundation for evaluating the rental market's health and the attractiveness of Section 8 participation. For landlords in ZIP 86436, the verdict on Section 8 is clear: participation can stabilize occupancy and provide consistent income, especially in light of the 44,077 median income and 268,079 median home value.
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.