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AZ/Yavapai County/Lake Montezuma

Lake Montezuma, AZ

CityFMR
Yavapai County
Found 1 ZIP
Zillow
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City Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,079$1,190
1 BR$1,242$1,370
2 BR$1,550$1,610
3 BR$2,146$1,720
4 BR$2,263$1,790
5 BR$2,602Not available
6 BR$2,993Not available
7 BR$3,442Not available
8 BR$3,958Not available

Purchase Price Calculator

Maximum purchase price
$177,329

Cost breakdown

+Likely effective rent$1,610
HUD FMR$1,550
Market rent$1,640
Est. payment standard (104%)Used$1,610
-Principal and interest-$897
Loan amount$141,863
Down payment$35,466
Rate6.50%
Term30 years
-Operating costs-$513
Property taxes-$177
Insurance-$175
Utilities$0
HOA$0
Management-$161
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,918(73.1% ROI)
Projected value
$190,964
Return breakdown
Property appreciation+$13,635
Loan principal paid down+$5,083
Rental cash flow+$7,200
5-year hold
+$44,366(125.1% ROI)
Projected value
$200,631
Return breakdown
Property appreciation+$23,302
Loan principal paid down+$9,064
Rental cash flow+$12,000
10-year hold
+$95,264(268.6% ROI)
Projected value
$226,996
Return breakdown
Property appreciation+$49,667
Loan principal paid down+$21,597
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.71
1 BR
0.81
2 BR
0.95
3 BR
1.25
4 BR
1.26
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Lake Montezuma, AZ fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Lake Montezuma, AZ is $1,550 a month. Lake Montezuma is in the Prescott Valley-Prescott, AZ MSA. The median county two-bedroom FMR in Arizona is $1,244, so Lake Montezuma is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Lake Montezuma, AZ
BedroomsFY 202790–110% range
Studio$1,079$971–$1,187
1BR$1,242$1,118–$1,366
2BR$1,550$1,395–$1,705
3BR$2,146$1,931–$2,361
4BR$2,263$2,037–$2,489

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Lake Montezuma, AZ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,079$1,242$1,550$2,146$2,263
FY 2026SAFMR$1,130$1,310$1,640$2,280$2,500
FY 2025SAFMR$1,100$1,300$1,610$2,220$2,550
FY 2024SAFMR$950$1,140$1,400$1,940$2,270
FY 2023SAFMR$860$1,040$1,280$1,770$2,040

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

Questions about Lake Montezuma, AZ rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,550, that basic range is $1,395 to $1,705 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 Lake Montezuma, AZ in?

Lake Montezuma, AZ is in the Prescott Valley-Prescott, AZ MSA. Small Area FMRs are not mandatory in this area.

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 Fair Market Rents. 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

86342 FMRCounty fair market rentAZ statewide rentsWhat is SAFMR?Data sources