Location: Apache County, AZ | Metro: Apache County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
The ZIP code 86544 presents a dynamic rental market influenced by the interplay between federally mandated Fair Market Rents (FMRs) and actual market conditions. The Fair Market Rent set by HUD for this area stands at $1,130, effective for fiscal year 2026. This figure represents the maximum amount that federal programs, such as Section 8, will pay for rental units in the area. However, the current market rent, according to the Census Bureau's American Community Survey (ACS), is significantly lower at $717. This discrepancy suggests that the actual market rent is below the federal threshold, indicating a potential oversupply of rental units relative to demand.
The 15.5% renter share highlights an important aspect of the housing dynamics in ZIP 86544. A higher proportion of renters can imply long-term housing pressure, as it indicates a significant portion of the population is not able to purchase homes. This could be due to various factors including affordability, economic conditions, or personal preference. For landlords and small-portfolio investors, this means there is a consistent demand for rental properties, which can be leveraged for steady income streams.
Despite the lower market rent compared to the FMR, the presence of a substantial renter base ensures that there will always be a need for affordable housing options. Landlords should be aware of the federal guidelines when setting rents for properties participating in government-assisted housing programs. Moreover, understanding the local rental market beyond these figures is crucial, as factors like location within the ZIP, property condition, and amenities can affect rental rates and occupancy.
In conclusion, ZIP 86544 is a market characterized by a balance between federal guidelines and local demand, with a notable gap between FMR and market rent. The high renter share signals enduring pressure on the rental sector, providing opportunities for those willing to invest in properties that meet the needs of tenants within this price range.
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.