ZIP 85262 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 85262 in the Phoenix-Mesa-Chandler, AZ MSA FMR area.

$2,000Efficiency
$2,1501 bedroom
$2,4902 bedrooms
$3,3203 bedrooms
$3,6804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,000$1,800$2,200$1,390
1 bedroom$2,150$1,935$2,365$1,493
2 bedrooms$2,490$2,241$2,739$1,734
3 bedrooms$3,320$2,988$3,652$2,287
4 bedrooms$3,680$3,312$4,048$2,537

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

Income in ZIP 85262

$418,026average adjusted gross income per tax return (2022)
$159,597average salaries and wages per return
7,060tax returns filed
7%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00013.9%
$25,000 to $50,0009.3%
$50,000 to $75,0007.5%
$75,000 to $100,0006.7%
$100,000 to $200,00023.2%
$200,000 or more39.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 2.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 85262?

HUD's FY2027 Small Area FMRs for ZIP 85262 (Phoenix-Mesa-Chandler, AZ MSA) are $2,000 efficiency, $2,150 one bedroom, $2,490 two bedrooms, $3,320 three and $3,680 four bedrooms.

What payment standard can a housing authority set in ZIP 85262?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,241 to $2,739.

How affordable is rent in ZIP 85262?

Tax returns filed from ZIP 85262 reported an average adjusted gross income of $418,026 (2022). A two-bedroom unit at the Small Area FMR costs $29,880 a year, or 7% of that income.