FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR- 85377
0.78ratio
FMR$1,620
Market$2,090
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR- 85377
0.54ratio
FMR$1,880
Market$3,510
vs market-$1,630
FMR is below market; voucher rent may lag private rents.
0.54
3 BR
3 BR- 85377
0.52ratio
FMR$2,520
Market$4,830
vs market-$2,310
FMR is below market; voucher rent may lag private rents.
0.52
4 BR
4 BR- 85377
0.42ratio
FMR$2,830
Market$6,730
vs market-$3,900
FMR is below market; voucher rent may lag private rents.
0.42
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Carefree, AZ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Carefree, AZ is $1,880 a month. That is down 9.6% from $2,080 in FY 2026. Carefree is in the Phoenix-Mesa-Chandler, AZ MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Arizona is $1,244, so Carefree is 51% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Carefree, AZ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,640
$1,480
−9.8%
$1,332–$1,628
1BR
$1,800
$1,620
−10.0%
$1,458–$1,782
2BR
$2,080
$1,880
−9.6%
$1,692–$2,068
3BR
$2,800
$2,520
−10.0%
$2,268–$2,772
4BR
$3,140
$2,830
−9.9%
$2,547–$3,113
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Carefree, AZ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,480
$1,620
$1,880
$2,520
$2,830
FY 2026
$1,640
$1,800
$2,080
$2,800
$3,140
FY 2025
$1,810
$1,990
$2,310
$3,110
$3,480
FY 2024
$1,850
$2,030
$2,380
$3,220
$3,660
FY 2023
$1,720
$1,880
$2,230
$3,060
$3,480
Questions about Carefree, AZ rents
How much will Section 8 pay for a two-bedroom in Carefree, AZ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,880, that basic range is $1,692 to $2,068 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Carefree, AZ in?
Carefree, AZ is in the Phoenix-Mesa-Chandler, AZ MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Carefree, AZ for FY 2027?
The two-bedroom FMR fell 9.6%, from $2,080 in FY 2026 to $1,880 in FY 2027. Since FY 2023 it has fallen 15.7%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set