ZIP 85122 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 85122 in the Phoenix-Mesa-Chandler, AZ MSA FMR area.

$1,150Efficiency
$1,2401 bedroom
$1,4402 bedrooms
$1,9003 bedrooms
$2,1204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,150$1,035$1,265$1,390
1 bedroom$1,240$1,116$1,364$1,493
2 bedrooms$1,440$1,296$1,584$1,734
3 bedrooms$1,900$1,710$2,090$2,287
4 bedrooms$2,120$1,908$2,332$2,537

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

Income in ZIP 85122

$59,019average adjusted gross income per tax return (2022)
$44,596average salaries and wages per return
26,640tax returns filed
29%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00027.0%
$25,000 to $50,00029.4%
$50,000 to $75,00018.6%
$75,000 to $100,00010.4%
$100,000 to $200,00012.6%
$200,000 or more2.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 19.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 85122?

HUD's FY2027 Small Area FMRs for ZIP 85122 (Phoenix-Mesa-Chandler, AZ MSA) are $1,150 efficiency, $1,240 one bedroom, $1,440 two bedrooms, $1,900 three and $2,120 four bedrooms.

What payment standard can a housing authority set in ZIP 85122?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,296 to $1,584.

How affordable is rent in ZIP 85122?

Tax returns filed from ZIP 85122 reported an average adjusted gross income of $59,019 (2022). A two-bedroom unit at the Small Area FMR costs $17,280 a year, or 29% of that income.