ZIP 85390 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 85390 in the Phoenix-Mesa-Chandler, AZ MSA FMR area.

Phoenix-Mesa-Chandler, AZ MSA

$1,170Efficiency
$1,2901 bedroom
$1,5202 bedrooms
$2,0403 bedrooms
$2,2504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,170$1,053$1,287$1,390
1 bedroom$1,290$1,161$1,419$1,493
2 bedrooms$1,520$1,368$1,672$1,734
3 bedrooms$2,040$1,836$2,244$2,287
4 bedrooms$2,250$2,025$2,475$2,537

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

Prescott Valley-Prescott, AZ MSA

$1,170Efficiency
$1,2901 bedroom
$1,5202 bedrooms
$2,0403 bedrooms
$2,2504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,170$1,053$1,287$1,079
1 bedroom$1,290$1,161$1,419$1,242
2 bedrooms$1,520$1,368$1,672$1,550
3 bedrooms$2,040$1,836$2,244$2,146
4 bedrooms$2,250$2,025$2,475$2,263

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

Income in ZIP 85390

$101,003average adjusted gross income per tax return (2022)
$37,289average salaries and wages per return
4,250tax returns filed
18%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.9%
$25,000 to $50,00021.6%
$50,000 to $75,00014.1%
$75,000 to $100,0009.9%
$100,000 to $200,00019.5%
$200,000 or more8.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 85390?

HUD's FY2027 Small Area FMRs for ZIP 85390 (Phoenix-Mesa-Chandler, AZ MSA) are $1,170 efficiency, $1,290 one bedroom, $1,520 two bedrooms, $2,040 three and $2,250 four bedrooms.

What payment standard can a housing authority set in ZIP 85390?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,368 to $1,672.

How affordable is rent in ZIP 85390?

Tax returns filed from ZIP 85390 reported an average adjusted gross income of $101,003 (2022). A two-bedroom unit at the Small Area FMR costs $18,240 a year, or 18% of that income.