ZIP 85008 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 85008 in the Phoenix-Mesa-Chandler, AZ MSA FMR area.

$1,170Efficiency
$1,2701 bedroom
$1,4802 bedrooms
$1,9803 bedrooms
$2,1904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,170$1,053$1,287$1,390
1 bedroom$1,270$1,143$1,397$1,493
2 bedrooms$1,480$1,332$1,628$1,734
3 bedrooms$1,980$1,782$2,178$2,287
4 bedrooms$2,190$1,971$2,409$2,537

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

Income in ZIP 85008

$50,130average adjusted gross income per tax return (2022)
$41,764average salaries and wages per return
24,720tax returns filed
35%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00031.8%
$25,000 to $50,00035.8%
$50,000 to $75,00017.1%
$75,000 to $100,0007.0%
$100,000 to $200,0006.6%
$200,000 or more1.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 24.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 85008?

HUD's FY2027 Small Area FMRs for ZIP 85008 (Phoenix-Mesa-Chandler, AZ MSA) are $1,170 efficiency, $1,270 one bedroom, $1,480 two bedrooms, $1,980 three and $2,190 four bedrooms.

What payment standard can a housing authority set in ZIP 85008?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,332 to $1,628.

How affordable is rent in ZIP 85008?

Tax returns filed from ZIP 85008 reported an average adjusted gross income of $50,130 (2022). A two-bedroom unit at the Small Area FMR costs $17,760 a year, or 35% of that income.