ZIP 85054 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 85054 in the Phoenix-Mesa-Chandler, AZ MSA FMR area.

$1,850Efficiency
$1,9901 bedroom
$2,3102 bedrooms
$3,0503 bedrooms
$3,3804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,850$1,665$2,035$1,390
1 bedroom$1,990$1,791$2,189$1,493
2 bedrooms$2,310$2,079$2,541$1,734
3 bedrooms$3,050$2,745$3,355$2,287
4 bedrooms$3,380$3,042$3,718$2,537

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

Income in ZIP 85054

$125,553average adjusted gross income per tax return (2022)
$85,285average salaries and wages per return
5,650tax returns filed
22%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00015.2%
$25,000 to $50,00016.8%
$50,000 to $75,00016.6%
$75,000 to $100,00013.6%
$100,000 to $200,00022.5%
$200,000 or more15.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 85054?

HUD's FY2027 Small Area FMRs for ZIP 85054 (Phoenix-Mesa-Chandler, AZ MSA) are $1,850 efficiency, $1,990 one bedroom, $2,310 two bedrooms, $3,050 three and $3,380 four bedrooms.

What payment standard can a housing authority set in ZIP 85054?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,079 to $2,541.

How affordable is rent in ZIP 85054?

Tax returns filed from ZIP 85054 reported an average adjusted gross income of $125,553 (2022). A two-bedroom unit at the Small Area FMR costs $27,720 a year, or 22% of that income.