FMR is below market; voucher rent may lag private rents.
0.73
1 BR
1 BR- 86325
0.81ratio
FMR$1,420
Market$1,750
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 86325
0.92ratio
FMR$1,770
Market$1,930
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR- 86325
1.14ratio
FMR$2,450
Market$2,150
vs market+$300
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR- 86325
1.01ratio
FMR$2,620
Market$2,600
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
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
--
Cornville, AZ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cornville, AZ is $1,770 a month. That is down 7.3% from $1,910 in FY 2026. Cornville 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 Cornville is 42% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cornville, AZ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,320
$1,230
−6.8%
$1,107–$1,353
1BR
$1,530
$1,420
−7.2%
$1,278–$1,562
2BR
$1,910
$1,770
−7.3%
$1,593–$1,947
3BR
$2,660
$2,450
−7.9%
$2,205–$2,695
4BR
$2,910
$2,620
−10.0%
$2,358–$2,882
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cornville, AZ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,230
$1,420
$1,770
$2,450
$2,620
FY 2026
$1,320
$1,530
$1,910
$2,660
$2,910
FY 2025
$1,320
$1,550
$1,920
$2,650
$3,050
FY 2024
$1,220
$1,460
$1,800
$2,490
$2,920
FY 2023
$1,150
$1,400
$1,720
$2,380
$2,750
Questions about Cornville, AZ rents
How much will Section 8 pay for a two-bedroom in Cornville, 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 $1,770 it would be $1,593 to $1,947. 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 Cornville, AZ in?
Cornville, 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 Cornville, AZ for FY 2027?
The two-bedroom FMR fell 7.3%, from $1,910 in FY 2026 to $1,770 in FY 2027. Since FY 2023 it has risen 2.9%.
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