Housing market/Arizona/ZIP 86351

ACS 2023 · FY2027 SAFMR

ZIP 86351 Sedona, Arizona

Prescott Valley-Prescott, AZ MSA · Arizona. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
6,560
Households
3,559
Median HH income
$80,304
Renter share
37.5%
Median gross rent
$1,640
Vacancy
23.9%
Pop. change
+3.8%
2BR SAFMR
$1,810
SAFMR / rent
1.104×
2–49 unit stock
854
LIHTC proj / units
1 / 24
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 86351 · AZ — sent to you.

ZIP 86351 · AZ

ACS median rent$1,640
2BR SAFMR$1,810
90% floor$1,629
110% ceiling$1,991

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 86351

  • 1-unit detached3,20369.0%
  • 1-unit attached2986.4%
  • 2–4 units2645.7%
  • 5–49 units59012.7%
  • 50+ units1934.2%
  • Mobile922.0%
TypeUnitsShare
1-unit detached3,20368.4%
1-unit attached2986.4%
2 units (duplex)2545.4%
3–4 units100.2%
5–9 units3407.3%
10–19 units1282.7%
20–49 units1222.6%
50+ units1934.1%
Mobile922.0%

2–4 unit share 5.6% · 5–49 unit share 12.6% · combined 2–49 18.2%.

Units by bedrooms

Studio
122
1BR
452
2BR
1,639
3BR
2,174
4BR
192
5+
101

Rent burden

Rent ≥30% of income42.4%
Rent ≥50% of income23.4%
  • ACS median gross rent $1,640 (all bedrooms, occupied rentals).
  • Median contract rent $1,368.
  • Renters paying ≥30% of income 42.4%; ≥50% 23.4%.
  • FY2027 2BR SAFMR $1,810 (1.104× ACS median gross rent).

Population

6,560 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +3.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 24 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 304 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 86351 37.5% of occupied households are renters; vacancy is 23.9%; ACS median gross rent is $1,640; population increased +3.8% between the 2018 and 2023 ACS vintages; the housing stock includes 264 units in 2–4-unit structures and 590 units in 5–49-unit structures; 1 LIHTC projects totaling 24 units; FY2027 2BR SAFMR is $1,810 versus ACS median gross rent of $1,640. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Arizona research

ZIP 86351 is a Census / HUD profile for Prescott Valley-Prescott, AZ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Arizona research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 86351?

ZIP 86351 (Prescott Valley-Prescott, AZ MSA) has 6,560 residents, 3,559 households, a renter share of 37.5%, median household income of $80,304, and ACS 2023 median gross rent of $1,640. Vacancy is 23.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 86351?

ACS counts 254 units in 2-unit buildings, 10 in 3–4 unit buildings, 340 in 5–9, 128 in 10–19, and 122 in 20–49. Combined 2–49 unit stock is 854 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 86351?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,810. See the full schedule and 90–110% payment-standard band on the ZIP 86351 — Sedona, AZ HUD Section 8 Payment Standards / SAFMR.

Does this Arizona ZIP profile include Georgia listings?

No. ZIP 86351 is Census / HUD research for Prescott Valley-Prescott, AZ MSA. Jeff Crowe CRE does not list Arizona property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.