ZIP 85295 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 85295 in the Phoenix-Mesa-Chandler, AZ MSA FMR area.

$1,710Efficiency
$1,8301 bedroom
$2,1302 bedrooms
$2,8103 bedrooms
$3,1204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,710$1,539$1,881$1,390
1 bedroom$1,830$1,647$2,013$1,493
2 bedrooms$2,130$1,917$2,343$1,734
3 bedrooms$2,810$2,529$3,091$2,287
4 bedrooms$3,120$2,808$3,432$2,537

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

Income in ZIP 85295

$103,173average adjusted gross income per tax return (2022)
$80,323average salaries and wages per return
25,080tax returns filed
25%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00019.8%
$25,000 to $50,00019.9%
$50,000 to $75,00015.2%
$75,000 to $100,00010.7%
$100,000 to $200,00023.4%
$200,000 or more11.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 85295?

HUD's FY2027 Small Area FMRs for ZIP 85295 (Phoenix-Mesa-Chandler, AZ MSA) are $1,710 efficiency, $1,830 one bedroom, $2,130 two bedrooms, $2,810 three and $3,120 four bedrooms.

What payment standard can a housing authority set in ZIP 85295?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,917 to $2,343.

How affordable is rent in ZIP 85295?

Tax returns filed from ZIP 85295 reported an average adjusted gross income of $103,173 (2022). A two-bedroom unit at the Small Area FMR costs $25,560 a year, or 25% of that income.