ZIP 85004 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 85004 in the Phoenix-Mesa-Chandler, AZ MSA FMR area.

$1,560Efficiency
$1,6801 bedroom
$1,9502 bedrooms
$2,5903 bedrooms
$2,8704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,560$1,404$1,716$1,390
1 bedroom$1,680$1,512$1,848$1,493
2 bedrooms$1,950$1,755$2,145$1,734
3 bedrooms$2,590$2,331$2,849$2,287
4 bedrooms$2,870$2,583$3,157$2,537

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 85004

$97,373average adjusted gross income per tax return (2022)
$76,262average salaries and wages per return
5,390tax returns filed
24%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00020.2%
$25,000 to $50,00022.4%
$50,000 to $75,00020.6%
$75,000 to $100,00012.2%
$100,000 to $200,00016.1%
$200,000 or more8.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 85004?

HUD's FY2027 Small Area FMRs for ZIP 85004 (Phoenix-Mesa-Chandler, AZ MSA) are $1,560 efficiency, $1,680 one bedroom, $1,950 two bedrooms, $2,590 three and $2,870 four bedrooms.

What payment standard can a housing authority set in ZIP 85004?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,755 to $2,145.

How affordable is rent in ZIP 85004?

Tax returns filed from ZIP 85004 reported an average adjusted gross income of $97,373 (2022). A two-bedroom unit at the Small Area FMR costs $23,400 a year, or 24% of that income.