FMR is near market; voucher and private rents are aligned.
0.95
1 BR
1 BR- 85253
0.95ratio
FMR$1,940
Market$2,040
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR- 85253
0.65ratio
FMR$2,250
Market$3,460
vs market-$1,210
FMR is below market; voucher rent may lag private rents.
0.65
3 BR
3 BR- 85253
0.72ratio
FMR$3,030
Market$4,230
vs market-$1,200
FMR is below market; voucher rent may lag private rents.
0.72
4 BR
4 BR- 85253
0.46ratio
FMR$3,390
Market$7,440
vs market-$4,050
FMR is below market; voucher rent may lag private rents.
0.46
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
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Paradise Valley, AZ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Paradise Valley, AZ is $2,250 a month. That is down 10.0% from $2,500 in FY 2026. Paradise Valley is in the Phoenix-Mesa-Chandler, 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 Paradise Valley is 81% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Paradise Valley, AZ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,960
$1,770
−9.7%
$1,593–$1,947
1BR
$2,150
$1,940
−9.8%
$1,746–$2,134
2BR
$2,500
$2,250
−10.0%
$2,025–$2,475
3BR
$3,360
$3,030
−9.8%
$2,727–$3,333
4BR
$3,760
$3,390
−9.8%
$3,051–$3,729
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Paradise Valley, AZ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,770
$1,940
$2,250
$3,030
$3,390
FY 2026
$1,960
$2,150
$2,500
$3,360
$3,760
FY 2025
$2,170
$2,380
$2,770
$3,730
$4,170
FY 2024
$2,130
$2,330
$2,740
$3,710
$4,220
FY 2023
$1,950
$2,130
$2,520
$3,460
$3,930
Questions about Paradise Valley, AZ rents
How much will Section 8 pay for a two-bedroom in Paradise Valley, AZ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,250, that basic range is $2,025 to $2,475 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 Paradise Valley, AZ in?
Paradise Valley, AZ is in the Phoenix-Mesa-Chandler, 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 Paradise Valley, AZ for FY 2027?
The two-bedroom FMR fell 10.0%, from $2,500 in FY 2026 to $2,250 in FY 2027. Since FY 2023 it has fallen 10.7%.
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