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 rental market in ZIP 86508 presents an intriguing dynamic that reflects broader trends in the area. With a Fair Market Rent (FMR) set at $1,180 for the fiscal year 2026, landlords can expect to receive a competitive rate for their properties. However, the current market rent, as reported by the Census ACS, stands at $715. This discrepancy suggests that the rental market in 86508 is currently underserved, with potential for growth as it moves towards alignment with the FMR.
The 11.0% renter share indicates a relatively low proportion of renters compared to homeowners, which could imply that there is less immediate pressure on the rental market. Nevertheless, this percentage also highlights a significant segment of the population that relies on rentals, suggesting ongoing housing demand that could be indicative of future rental market pressures as the population grows or shifts.
Despite the lack of specific data regarding price-cut share, days on market (DOM), and median home value, the gap between the FMR and the current market rent points to a market where demand might be outpacing supply. Landlords and small- portfolio investors should consider this trend as it suggests opportunities for increasing rents over time as the market adjusts to meet the higher FMR.
In summary, ZIP 86508 offers a rental market that is evolving. The current lower-than-FMR rent levels suggest a potential for upward movement in rental prices, aligning with the expected fair market rates. The modest renter share indicates a stable but growing rental demand, which could translate into sustained interest in rental properties as the area develops further.
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.