ZIP 85031 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 85031 in the Phoenix-Mesa-Chandler, AZ MSA FMR area.

$1,330Efficiency
$1,4301 bedroom
$1,6602 bedrooms
$2,1903 bedrooms
$2,4304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,330$1,197$1,463$1,390
1 bedroom$1,430$1,287$1,573$1,493
2 bedrooms$1,660$1,494$1,826$1,734
3 bedrooms$2,190$1,971$2,409$2,287
4 bedrooms$2,430$2,187$2,673$2,537

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

Income in ZIP 85031

$38,508average adjusted gross income per tax return (2022)
$32,785average salaries and wages per return
12,580tax returns filed
52%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00037.4%
$25,000 to $50,00038.7%
$50,000 to $75,00015.4%
$75,000 to $100,0005.2%
$100,000 to $200,0002.9%
$200,000 or more0.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 32.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 85031?

HUD's FY2027 Small Area FMRs for ZIP 85031 (Phoenix-Mesa-Chandler, AZ MSA) are $1,330 efficiency, $1,430 one bedroom, $1,660 two bedrooms, $2,190 three and $2,430 four bedrooms.

What payment standard can a housing authority set in ZIP 85031?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,494 to $1,826.

How affordable is rent in ZIP 85031?

Tax returns filed from ZIP 85031 reported an average adjusted gross income of $38,508 (2022). A two-bedroom unit at the Small Area FMR costs $19,920 a year, or 52% of that income.