Real Estate Investing in Happy Jack, Arizona (86024)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 86024 (Happy Jack, AZ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 74.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Happy Jack, AZ (86024)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 86024 Happy Jack
In practical terms, ZIP 86024 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $515K median. It rewards specialists, not generalists.
Put differently, the numbers look inviting — $515K purchase price, 0.0% nominal cap — the work to hit that pro forma in 86024 is substantial and deserves full respect.
In the broader AZ picture, 86024 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 86024 ZIP's population of 1,059 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 86024 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Happy Jack:
Property Strategy for 86024
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $449,156 | $2,110 | 3.4% | +10.1% | $224,578 |
| 3BR | $555,888 | $2,540 | 3.3% | +10.5% | $185,296 |
Market Trends
Home Value History (with trend line)
📊 How Does 86024 Compare?
| Metric | 86024 | Happy Jack | Flagstaff, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $514,883 | $514,883 | N/A | $419,643 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 6.5% |
| Avg Rent | $1,899 | $1,899 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 86024 (Happy Jack, AZ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 86024 (Happy Jack, AZ)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $514,883 |
| Monthly Rent | $1,899 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 86024
Population: 1,059
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
What do landlords charge for rent in Happy Jack, AZ?
Rent in Happy Jack, AZ is around $1,899/mo. The resulting rent-to-value relationship with $515K pricing is reasonable for most investor models.
What real estate strategy is ideal for Happy Jack, AZ?
Happy Jack, AZ investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($515K prices, $1,899/mo rents) make it a reasonable choice.
Should investors consider Happy Jack, AZ?
With a 3.0/5 investability score, Happy Jack, AZ ranks as a solid market for rental property investors. Median prices of $515K and rents of $1,899/mo drive the underlying numbers.
Can I live-in-and-rent in Happy Jack, AZ?
House hacking in Happy Jack, AZ is a challenging. With home values around $515K and rents at $1,899/mo, owner-occupants can offset a meaningful share of PITI.
How do landlord-tenant laws work in Happy Jack, AZ?
AZ law landlord-friendly for landlords, and Happy Jack inherits those rules. Investors should still review local ordinances for rental licensing.
You know 86024 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 86024 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 86024 ranks in Flagstaff, AZ
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 86024 (Happy Jack)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 86024 (Happy Jack, AZ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.