Location: Apache County, AZ | Metro: Apache County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
U.S. Census Bureau data (2024)
ZIP code 86538, located within the Apache County, AZ metro area, presents a unique snapshot when compared to typical ZIP codes in the region. The Fair Market Rent (FMR) for 86538 is set at $1,190 for fiscal year 2026, which exceeds the market rent of $920 observed in the ZIP. This discrepancy suggests that 86538 could be considered a value pocket for landlords participating in the Section 8 program, as they can potentially receive higher rents from the government subsidy than from market rates.
The absence of home value data for 86538 further supports this inference, indicating that it might not be a premium sub-market where property values are significantly above average. Instead, it leans towards being an area where rental housing is more prevalent, aligning with its 21.7% renter share. This percentage is notably higher than the average renter share in Apache County, AZ, which typically ranges around 15-20%. Such a high renter share combined with below-metro average home values often signals a sweet spot for Section 8 participation, as it indicates a concentration of renters who may rely on government subsidies to afford housing.
To summarize, 86538 appears to be a value pocket within the Apache County, AZ metro. Landlords here can benefit from receiving $1,190 in FMR payments, which is above the local market rent of $920. Additionally, the high renter share without corresponding high home values points to an area well-suited for Section 8 tenants. These factors make it a strategic location for those looking to invest in affordable housing solutions through the Section 8 program.
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.