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)
15.3% of residents in ZIP code 86547 are renters, indicating a significant portion of the population relies on rental housing. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,180, which is higher than the market rent reported by the Census ACS at $645. This suggests that landlords can potentially charge above the average market rate without significantly impacting occupancy rates. However, the lack of data on median home value and days on market (DOM) means there's no direct comparison to owner-occupied homes or insights into how quickly properties are rented out. The median income in the area is $39,000, which is below the threshold for many households to afford the FMR without assistance. The absence of data on the percentage of price-cut shares indicates that there might be little need for landlords to reduce their rents to attract tenants, given the current demand. Landlords should consider these factors when setting rents and preparing for tenant applications under the Section 8 program. With the FMR at $1,180, landlords can expect to receive up to this amount per unit if they qualify for Section 8, which is notably higher than the market rent. Given the high FMR relative to the market rent and median income, it is advisable for landlords to participate in the Section 8 program to ensure steady occupancy and a reliable income stream.
A final verdict on Section 8 for ZIP 86547: Recommended.
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.