FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR- 85652
0.73ratio
FMR$1,100
Market$1,500
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.73
2 BR
2 BR- 85652
0.54ratio
FMR$1,410
Market$2,590
vs market-$1,180
FMR is below market; voucher rent may lag private rents.
0.54
3 BR
3 BR- 85652
1.07ratio
FMR$1,950
Market$1,830
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR- 85652
1.00ratio
FMR$2,220
Market$2,230
vs market-$10
FMR is near market; voucher and private rents are aligned.
1.00
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
--
Cortaro, AZ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cortaro, AZ is $1,410 a month. That is up 0.7% from $1,400 in FY 2026. Cortaro is in the Tucson, 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 Cortaro is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cortaro, AZ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$980
+1.0%
$882–$1,078
1BR
$1,080
$1,100
+1.9%
$990–$1,210
2BR
$1,400
$1,410
+0.7%
$1,269–$1,551
3BR
$1,950
$1,950
0.0%
$1,755–$2,145
4BR
$2,240
$2,220
−0.9%
$1,998–$2,442
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cortaro, AZ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$980
$1,100
$1,410
$1,950
$2,220
FY 2026
$970
$1,080
$1,400
$1,950
$2,240
FY 2025
$940
$1,050
$1,370
$1,920
$2,230
FY 2024
$910
$1,020
$1,340
$1,890
$2,210
FY 2023
$790
$900
$1,180
$1,680
$1,960
Questions about Cortaro, AZ rents
How much will Section 8 pay for a two-bedroom in Cortaro, AZ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,410, that basic range is $1,269 to $1,551 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 Cortaro, AZ in?
Cortaro, AZ is in the Tucson, 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 Cortaro, AZ for FY 2027?
The two-bedroom FMR rose 0.7%, from $1,400 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has risen 19.5%.
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