Location: Lake Havasu City-Kingman, AZ | Metro: Lake Havasu City-Kingman, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 86438 within the Lake Havasu City-Kingman, AZ MSA reveals several key insights for landlords and small-portfolio investors.
The rent math does not work favorably due to the lack of available market rent data. The Fair Market Rent (FMR) for the area is set at $1210 for fiscal year 2024. Without a comparison to actual market rents, it's challenging to determine if properties can be rented out at this rate effectively. This uncertainty can impact revenue projections and property management strategies.
Acquisition in this area is relatively affordable, with a median home value of $232,028. However, without specific data on the average number of days on market (DOM) and the percentage of homes that have been listed with a price cut, it's difficult to gauge how competitive the housing market is. These metrics would provide clarity on the ease of acquiring properties at favorable prices.
Tenant demand is low in ZIP 86438. The population is just 784, with only 6.1% being renters. This small pool of potential tenants could make it challenging to find stable, long-term occupants willing to pay the FMR. Given the limited rental market, competition for tenants might drive down rental rates below the FMR, affecting profitability.
Verdict: While the median home value suggests that acquisitions could be affordable, the lack of detailed market rent data and the low tenant demand pose significant risks. Landlords and investors should proceed cautiously, considering the small population and limited rental market before making any investment decisions in ZIP 86438.
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.