Location: Apache County, AZ | Metro: Apache County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The rental market in ZIP code 86507 presents a dynamic scenario that is indicative of ongoing trends rather than static conditions. The Fair Market Rent (FMR) for the area, set at $1,050 for fiscal year 2026, suggests a regulatory benchmark that aims to keep rents affordable for low-income families participating in the Section 8 program. This figure is slightly above the current market rent of $921, as reported by the Census Bureau's American Community Survey (ACS).
The discrepancy between the FMR and the actual market rent implies that there might be a slight oversupply of rental units in the market, or that landlords are adjusting their pricing to attract tenants. However, without historical data, it's challenging to definitively state whether supply consistently outpaces demand or vice versa. The 10.9% renter share indicates that a significant portion of the population in 86507 relies on rental housing, which can signal long-term housing pressure if the trend persists. Landlords and small-portfolio investors should be attentive to the balance between rental demand and available units to capitalize on opportunities.
Despite the lack of specific data regarding the percentage of price cuts and days on market (DOM), the relatively lower market rent compared to the FMR could suggest that landlords are willing to negotiate prices to secure tenants. This negotiation space is crucial for both landlords and renters, as it allows for flexibility in an environment where a substantial number of residents are renters.
The median home value being listed as N/A points to either limited data or a unique composition of the housing market in 86507. This absence of data on home values means that investment strategies should focus primarily on the rental market dynamics, leveraging the current rental prices and the renter share to inform decisions. Landlords should consider the potential for steady demand, given the high proportion of renters, while also preparing for possible fluctuations in the rental market.
In summary, ZIP 86507 is characterized by a rental market that is closely monitored by federal standards but operates below these benchmarks. This suggests a competitive landscape where landlords must be strategic in pricing and management to remain profitable. The high renter share highlights the importance of rental properties in the area, making it a critical market segment for investors to understand and adapt to.
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.