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 ZIP code 86512 presents an interesting balance between yield and stability, making it a strategic location for real estate investment, particularly for those considering rental properties.
On the yield axis, the data indicates a strong potential for returns. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,180, which is significantly higher than the market rent of $625. This suggests that there is an opportunity to increase rental income by aligning property rents with the FMR, thereby capturing a higher yield. However, the absence of home value data means we cannot directly assess the potential for appreciation or the initial investment required. This gap in information leaves us with a partial picture but still highlights the rental income potential.
Moving to the stability axis, the ZIP code shows mixed indicators. With 30.8% of residents being renters, the market has a notable share of tenants, which can be beneficial for maintaining steady cash flow. However, the lack of data on days on market (DOM) suggests volatility or uncertainty in the local real estate market, which could affect the ease of selling properties should the investor decide to liquidate their assets. The median household income of $31,087 provides insight into the economic health of the area; while not exceptionally high, it does support the ability of residents to afford the $625 market rent.
Given these figures, ZIP 86512 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The potential for increasing rental income to $1,180 aligns with the FMR, offering a path to higher yields without necessarily engaging in rapid turnover strategies. The presence of a substantial tenant population ensures consistent demand, which is crucial for long-term rental investments. Despite the lack of DOM data, the income level supports the viability of rental properties, suggesting that while the market might not offer the highest yields, it does provide a stable environment for generating reliable cash flows.
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.