Location: Apache County, AZ | Metro: Apache County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 86535 is not heavily dominated by renters; only 4.9% of the population are renters, indicating a primarily homeowner-dominated area. With a population of 1,183, the number of potential Section 8 tenants is relatively small. The median household income stands at $31,250, which suggests that the majority of residents have limited financial resources.
While the exact market rent for this ZIP code is not provided, we can infer that it would be lower than the Fair Market Rent (FMR) of $1,340, which is set for the metro area and fiscal year 2026. This FMR represents the maximum allowable rent for Section 8 housing in the region. Given the median income, typical rents would likely consume a significant portion of local incomes, possibly around 30-40%, depending on the actual rent amounts.
A landlord in ZIP 86535 should anticipate a tenant pool that heavily relies on rental assistance programs such as Section 8. These tenants will be looking for affordable housing options and may have a history of receiving government subsidies due to their economic circumstances. The low percentage of renters and the high cost of living relative to income indicate that there is a strong demand for rental units that accept vouchers.
To attract and retain tenants, landlords must ensure that their properties meet the necessary standards for Section 8 eligibility. This includes passing inspections and maintaining documentation related to the program. Landlords should also prepare for the administrative requirements associated with accepting Section 8 tenants, including working with local housing authorities and adhering to federal guidelines.
In summary, while ZIP 86535 is not a renter-heavy area, it has a niche market for Section 8 tenants due to the income levels and the scarcity of affordable housing options. The expected tenant profile will consist of individuals and families who require rental assistance and are seeking stable, affordable housing solutions.
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.