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)
1210 is the Fair Market Rent (FMR) for ZIP code 86444 as of fiscal year 2024, indicating the maximum amount a Section 8 voucher holder can pay for housing. Despite the N/A for market rent, which suggests limited data availability, the median home value stands at 212,289, offering a glimpse into the overall property value in the area. 13.9% of the population in ZIP 86444 are renters, a figure that underscores the demand for rental properties. The median income of 26,678 provides insight into the financial capacity of potential tenants. With the N/A-day Days on Market (DOM) and N/A% price-cut share, it's evident that the rental market dynamics in this region require further investigation to fully understand trends and adjustments.
Investors should note that the 1210 FMR sets a benchmark for rental pricing, ensuring that properties are competitive while still adhering to government guidelines. The 212,289 median home value suggests that there is a reasonable equity base for those looking to invest in both rental and ownership opportunities. Given the 13.9% renter share, landlords can expect a steady pool of potential tenants, although the 26,678 median income highlights the need to target properties within the affordability range of most residents.
The lack of specific data points for market rent and DOM indicates that the local real estate market may be less volatile or perhaps underreported, but it also means that landlords must be vigilant about setting realistic rents and managing their properties efficiently. The N/A% price-cut share implies that landlords might not frequently need to reduce rents to attract tenants, suggesting a stable rental environment.
Based on these figures, the Section 8 program remains a viable option for landlords in ZIP 86444, providing a reliable source of income through government subsidies while catering to the housing needs of lower-income families.
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.