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AZ/Pinal County/Queen Creek

Queen Creek, AZ

CitySAFMR
Pinal County
Found 1 ZIP

City Median Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$1,830$1,650
1 BR$1,960$1,580
2 BR$2,280$2,010
3 BR$3,010$2,080
4 BR$3,340$2,650
5 BR$3,841Not available
6 BR$4,417Not available
7 BR$5,080Not available
8 BR$5,842Not available

Purchase Price Calculator

Maximum purchase price
$236,769

Cost breakdown

+Likely effective rent$2,010
HUD FMR$2,280
Market rentUsed$2,010
Est. payment standard (92%)$2,100
-Principal and interest-$1,197
Loan amount$189,415
Down payment$47,354
Rate6.50%
Term30 years
-Operating costs-$613
Property taxes-$237
Insurance-$175
Utilities$0
HOA$0
Management-$201
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,192(68.0% ROI)
Projected value
$254,974
Return breakdown
Property appreciation+$18,205
Loan principal paid down+$6,786
Rental cash flow+$7,200
5-year hold
+$55,215(116.6% ROI)
Projected value
$267,882
Return breakdown
Property appreciation+$31,113
Loan principal paid down+$12,102
Rental cash flow+$12,000
10-year hold
+$119,152(251.6% ROI)
Projected value
$303,084
Return breakdown
Property appreciation+$66,315
Loan principal paid down+$28,836
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.11
1 BR
1.24
2 BR
1.13
3 BR
1.45
4 BR
1.26
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Queen Creek, AZ fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Queen Creek, AZ is $2,280 a month. That is down 7.7% from $2,470 in FY 2026. Queen Creek 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 Queen Creek is 83% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Queen Creek, AZ
BedroomsFY 2027Change90–110% range
Studio$1,830−6.6%$1,647–$2,013
1BR$1,960−8.0%$1,764–$2,156
2BR$2,280−7.7%$2,052–$2,508
3BR$3,010−8.5%$2,709–$3,311
4BR$3,340−8.5%$3,006–$3,674

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Queen Creek, AZ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,830$1,960$2,280$3,010$3,340
FY 2026$1,960$2,130$2,470$3,290$3,650
FY 2025$2,060$2,260$2,630$3,540$3,960
FY 2024$1,940$2,120$2,490$3,370$3,830
FY 2023$1,750$1,910$2,270$3,110$3,540

Questions about Queen Creek, AZ rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,280, that basic range is $2,052 to $2,508 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 Queen Creek, AZ in?

Queen Creek, 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 Queen Creek, AZ for FY 2027?

The two-bedroom FMR fell 7.7%, from $2,470 in FY 2026 to $2,280 in FY 2027. Since FY 2023 it has risen 0.4%.

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