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)
37.5% of residents in ZIP 86437 are renters, indicating a strong demand for rental properties in the area. $78,125 is the median income, which suggests that tenants could afford higher rents if market conditions support it. However, the Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1140, meaning that this is the maximum amount landlords can charge for a Section 8 voucher holder. Despite the lack of specific data on market rent and median home values, the percentage of renters and the median income provide a solid foundation for assessing the potential profitability of rental investments in this region. The absence of Days on Market (DOM) and price-cut share percentages indicates that there might be limited recent sales data available, but this does not detract from the fact that the demand for rentals is significant. Given these figures, landlords and small-portfolio investors should focus on properties that can be rented out for close to or exactly $1140 to maximize their returns while adhering to the Section 8 guidelines. This strategy ensures compliance with federal standards while catering to a substantial portion of the local population. The median income figure also supports the idea that tenants could potentially afford additional costs beyond just the base rent, such as utilities and maintenance fees, depending on the landlord's policy. In conclusion, ZIP 86437 presents a viable opportunity for rental investments, particularly for those interested in participating in the Section 8 program, where setting rents at $1140 aligns with both tenant affordability and federal regulations.
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.