FMR is below market; voucher rent may lag private rents.
0.57
1 BR
1 BR- 86323
0.66ratio
FMR$1,180
Market$1,800
vs market-$620
FMR is below market; voucher rent may lag private rents.
0.66
2 BR
2 BR- 86323
0.76ratio
FMR$1,480
Market$1,950
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR- 86323
0.98ratio
FMR$2,050
Market$2,100
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 86323
1.02ratio
FMR$2,250
Market$2,210
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
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
--
Chino Valley, AZ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chino Valley, AZ is $1,480 a month. That is down 2.6% from $1,520 in FY 2026. Chino Valley is in the Prescott Valley-Prescott, AZ MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,550. The median county two-bedroom FMR in Arizona is $1,244, so Chino Valley is 19% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Chino Valley, AZ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$1,020
−2.9%
$918–$1,122
1BR
$1,220
$1,180
−3.3%
$1,062–$1,298
2BR
$1,520
$1,480
−2.6%
$1,332–$1,628
3BR
$2,110
$2,050
−2.8%
$1,845–$2,255
4BR
$2,320
$2,250
−3.0%
$2,025–$2,475
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Chino Valley, AZ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,180
$1,480
$2,050
$2,250
FY 2026
$1,050
$1,220
$1,520
$2,110
$2,320
FY 2025
$1,030
$1,210
$1,500
$2,070
$2,380
FY 2024
$890
$1,070
$1,320
$1,830
$2,140
FY 2023
$810
$980
$1,210
$1,670
$1,930
Questions about Chino Valley, AZ rents
How much will Section 8 pay for a two-bedroom in Chino Valley, AZ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,550, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,395 to $1,705 a month; under the ZIP-level Small Area FMR of $1,480 it would be $1,332 to $1,628. 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 Chino Valley, AZ in?
Chino Valley, AZ is in the Prescott Valley-Prescott, AZ MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,550.
How much did fair market rent change in Chino Valley, AZ for FY 2027?
The two-bedroom FMR fell 2.6%, from $1,520 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 22.3%.
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