FMR is below market; voucher rent may lag private rents.
0.65
1 BR
1 BR- 85648
0.76ratio
FMR$970
Market$1,280
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.76
2 BR
2 BR- 85648
0.96ratio
FMR$1,260
Market$1,310
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR- 85648
1.18ratio
FMR$1,760
Market$1,490
vs market+$270
FMR is above market; underwrite to market rent.
1.18
4 BR
4 BR- 85648
1.12ratio
FMR$1,800
Market$1,610
vs market+$190
FMR is above market; underwrite to market rent.
1.12
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
--
Rio Rico, AZ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Rio Rico, AZ is $1,260 a month. That is down 10.0% from $1,400 in FY 2026. Rio Rico is in the Santa Cruz 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 $1,041. The median county two-bedroom FMR in Arizona is $1,244, so Rio Rico is 1% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Rio Rico, AZ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$880
−9.3%
$792–$968
1BR
$1,070
$970
−9.3%
$873–$1,067
2BR
$1,400
$1,260
−10.0%
$1,134–$1,386
3BR
$1,950
$1,760
−9.7%
$1,584–$1,936
4BR
$2,000
$1,800
−10.0%
$1,620–$1,980
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Rio Rico, AZ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$880
$970
$1,260
$1,760
$1,800
FY 2026
$970
$1,070
$1,400
$1,950
$2,000
FY 2025
$960
$1,070
$1,400
$1,960
$1,970
FY 2024area FMR
$693
$778
$1,022
$1,440
$1,472
FY 2023area FMR
$605
$688
$905
$1,240
$1,245
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Rio Rico, AZ rents
How much will Section 8 pay for a two-bedroom in Rio Rico, AZ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,041, which applies unless the housing authority uses Small Area FMRs, that basic range is $937 to $1,145 a month; under the ZIP-level Small Area FMR of $1,260 it would be $1,134 to $1,386. 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 Rio Rico, AZ in?
Rio Rico, AZ is in the Santa Cruz County, AZ non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,041.
How much did fair market rent change in Rio Rico, AZ for FY 2027?
The two-bedroom FMR fell 10.0%, from $1,400 in FY 2026 to $1,260 in FY 2027. Since FY 2025 it has fallen 10.0%.
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