ZIP 85035 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 85035 in the Phoenix-Mesa-Chandler, AZ MSA FMR area.

$1,200Efficiency
$1,2901 bedroom
$1,5002 bedrooms
$1,9803 bedrooms
$2,1904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,200$1,080$1,320$1,390
1 bedroom$1,290$1,161$1,419$1,493
2 bedrooms$1,500$1,350$1,650$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 85035

$38,615average adjusted gross income per tax return (2022)
$34,327average salaries and wages per return
20,480tax returns filed
47%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00035.2%
$25,000 to $50,00039.6%
$50,000 to $75,00016.2%
$75,000 to $100,0005.8%
$100,000 to $200,0003.1%
$200,000 or more0.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 32.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 85035?

HUD's FY2027 Small Area FMRs for ZIP 85035 (Phoenix-Mesa-Chandler, AZ MSA) are $1,200 efficiency, $1,290 one bedroom, $1,500 two bedrooms, $1,980 three and $2,190 four bedrooms.

What payment standard can a housing authority set in ZIP 85035?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,350 to $1,650.

How affordable is rent in ZIP 85035?

Tax returns filed from ZIP 85035 reported an average adjusted gross income of $38,615 (2022). A two-bedroom unit at the Small Area FMR costs $18,000 a year, or 47% of that income.