Skip to main content
Loading page

Greer, AZ

CitySAFMR
Apache County
Found 1 ZIP

City Median Investment Score

33Below average

095130300
BRFMR
Eff. Rent
0 BR$900$900
1 BR$980$980
2 BR$1,290$1,290
3 BR$1,780$1,780
4 BR$2,150$2,150
5 BR$2,473Not available
6 BR$2,843Not available
7 BR$3,270Not available
8 BR$3,760Not available

Purchase Price Calculator

Maximum purchase price
$129,777

Cost breakdown

+Likely effective rent$1,290
HUD FMRUsed$1,290
Market rentN/A
Est. payment standardN/A
-Principal and interest-$656
Loan amount$103,822
Down payment$25,955
Rate6.50%
Term30 years
-Operating costs-$434
Property taxes-$130
Insurance-$175
Utilities$0
HOA$0
Management-$129
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,898(80.5% ROI)
Projected value
$139,756
Return breakdown
Property appreciation+$9,979
Loan principal paid down+$3,720
Rental cash flow+$7,200
5-year hold
+$35,687(137.5% ROI)
Projected value
$146,831
Return breakdown
Property appreciation+$17,054
Loan principal paid down+$6,633
Rental cash flow+$12,000
10-year hold
+$76,154(293.4% ROI)
Projected value
$166,126
Return breakdown
Property appreciation+$36,349
Loan principal paid down+$15,806
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--

Greer, AZ fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Greer, AZ is $1,290 a month. That is down 0.8% from $1,300 in FY 2026. Greer is in the Apache County, AZ non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,071. The median county two-bedroom FMR in Arizona is $1,244, so Greer is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Greer, AZ
BedroomsFY 2027Change90–110% range
Studio$9000.0%$810–$990
1BR$980−2.0%$882–$1,078
2BR$1,290−0.8%$1,161–$1,419
3BR$1,780+1.1%$1,602–$1,958
4BR$2,150+6.4%$1,935–$2,365

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Greer, AZ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$900$980$1,290$1,780$2,150
FY 2026$900$1,000$1,300$1,760$2,020
FY 2025$830$930$1,210$1,630$1,720
FY 2024area FMR$716$804$1,057$1,417$1,461
FY 2023area FMR$618$703$925$1,233$1,284

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about Greer, AZ rents

How much will Section 8 pay for a two-bedroom in Greer, AZ?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,071, which applies unless the housing authority uses Small Area FMRs, that basic range is $964 to $1,178 a month; under the ZIP-level Small Area FMR of $1,290 it would be $1,161 to $1,419. 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 Greer, AZ in?

Greer, AZ is in the Apache County, AZ non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,071.

How much did fair market rent change in Greer, AZ for FY 2027?

The two-bedroom FMR fell 0.8%, from $1,300 in FY 2026 to $1,290 in FY 2027. Since FY 2025 it has risen 6.6%.

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