Location: Apache County, AZ | Metro: Apache County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 86502 reveals a market that falls into the category of moderate yield and low stability. This classification is driven by the specific figures provided.
On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,180. This is the highest figure among the given data points, indicating a moderate rental yield potential. The market rent is lower at $930, suggesting that while there is room for growth, it is not as robust as a high-yield market would offer. The absence of home value data means we cannot compare rental yields against property purchase costs, but the difference between FMR and market rent suggests that there is some upside potential for savvy investors who can secure properties closer to the market rate.
Moving to the stability axis, the percentage of renters is relatively low at 8.8%. This figure is indicative of a less stable market where tenants might be more transient, increasing the risk of vacancy periods. The lack of data on days on market (DOM) further underscores the instability of this rental market, as higher DOM values typically correlate with greater difficulty in finding and retaining tenants. Additionally, the median household income of $20,500 is quite low, which can affect the ability of residents to afford higher rents and can lead to higher turnover rates and potential defaults on lease agreements.
Given these factors, ZIP 86502 does not represent a high-yield market due to the relatively low market rent and the absence of home value data to calculate a robust yield-to-purchase ratio. However, it also does not fit the profile of a steady-cashflow zone because of the low percentage of renters and the limited income base, which contribute to its instability. Therefore, this market is best classified as a moderate yield, low stability environment, suitable for investors willing to manage higher risks associated with tenant turnover and market conditions.
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.