Location: Navajo County, AZ | Metro: Navajo County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
In ZIP code 86510, the potential pitfalls for Section 8 landlords are significant. Tenant turnover is a critical issue, with market rents at $650 falling far below the Fair Market Rent (FMR) of $1,250 for fiscal year 2026. This disparity can lead to higher turnover rates as tenants seek more affordable housing options that still meet their FMR requirements. Vacancy exposure is another concern, as the days on market (DOM) for properties in this area are not available, suggesting a lack of consistent data which can be indicative of unpredictable rental markets.
The typical home value data is also unavailable, but the median household income stands at $29,211, which is relatively low. This means that many residents are likely to qualify for Section 8 vouchers, increasing the competition for these subsidies among tenants. However, this same low income level can translate into deferred maintenance exposure, where tenants may not have the financial resources to keep the property in optimal condition, leading to potential repair costs for landlords.
Despite these challenges, the ZIP code has a high renter share of 16.1%. High renter density typically correlates with greater demand for rental housing, including Section 8 vouchers. This can provide a steady stream of qualified tenants who are committed to finding subsidized housing. Additionally, the scarcity of homeownership opportunities due to the low median income can further drive demand for rental properties, especially those accepting Section 8 vouchers.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.