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 renter's perspective in ZIP code 86545 reveals a significant challenge when it comes to housing affordability. The median income stands at $26,071, which is notably lower than the median market rate for rent at $475 per month, according to the Census ACS. This stark disparity suggests that many residents may struggle to find suitable housing without financial assistance.
To put this into context, the Fair Market Rent (FMR) set by HUD for the metro area in fiscal year 2026 is $1,180. This figure represents the maximum amount that a household receiving a Section 8 voucher would be expected to pay towards their rent. Given the median income, it's evident that the market rate of $475 is already a strain on households, while the FMR of $1,180 is far beyond the reach of most residents.
The population of 780 with only 10.3% being renters indicates a relatively low demand for rental properties. This means that landlords might face stiff competition among themselves to attract tenants who can pay the market rate. Moreover, the limited number of renters implies that there is a smaller pool of potential tenants who could benefit from and utilize Section 8 vouchers.
The takeaway for landlords considering whether to accept voucher tenants or focus on cash-paying strategies is clear. While the voucher standard of $1,180 exceeds the local market rate, it offers a stable source of income guaranteed by the government. In contrast, relying solely on cash-paying tenants risks having vacancies due to the high cost of renting relative to the median income. Accepting vouchers can help fill units and provide a reliable stream of income, despite the higher rent amount compared to the market rate.
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.