Location: Apache County, AZ | Metro: Apache County, AZ
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 86556 stands out due to its unique data profile. With a population of 2,795 residents, it has a notable 31.8% rental rate, indicating a significant portion of its residents are tenants rather than homeowners. The median income in this area is $27,875, which is a key figure for understanding the economic landscape. Notably, the median home value is listed as N/A, suggesting that there may be limited data available on owner-occupied homes in this region.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,050. This is a crucial benchmark for landlords and investors involved with Section 8 housing. In contrast, the current market rent, based on Census ACS data, is significantly lower at $560. This disparity between the FMR and the actual market rent means that landlords participating in the Section 8 program can expect to receive higher rents than the typical market rate, potentially stabilizing their cash flow and making this ZIP code an attractive investment opportunity.
The data signature for ZIP 86556 suggests a transitional environment. While the rental rate is relatively high and the FMR provides a stable rent floor, the lack of median home value data points to a possible shift away from homeownership towards a more rental-focused community. This transition could continue to influence the local real estate market, with implications for both long-term stability and short-term fluctuations in demand for rental properties.
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.