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Maricopa County/Phoenix/85012

85012

ZIPSAFMR
Maricopa County, AZ
Zillow

ZIP Investment Score

39Below average

095130300
BRFMR
Eff. Rent
0 BR$1,500$1,300
1 BR$1,610$1,520
2 BR$1,870$1,990
3 BR$2,470$2,440
4 BR$2,740$2,890
5 BR$3,151Not available
6 BR$3,624Not available
7 BR$4,167Not available
8 BR$4,792Not available

Purchase Price Calculator

Maximum purchase price
$233,797

Cost breakdown

+Likely effective rent$1,990
HUD FMR$1,870
Market rent$2,050
Est. payment standard (106%)Used$1,990
-Principal and interest-$1,182
Loan amount$187,037
Down payment$46,759
Rate6.50%
Term30 years
-Operating costs-$608
Property taxes-$234
Insurance-$175
Utilities$0
HOA$0
Management-$199
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,878(68.2% ROI)
Projected value
$251,773
Return breakdown
Property appreciation+$17,977
Loan principal paid down+$6,701
Rental cash flow+$7,200
5-year hold
+$54,673(116.9% ROI)
Projected value
$264,519
Return breakdown
Property appreciation+$30,723
Loan principal paid down+$11,950
Rental cash flow+$12,000
10-year hold
+$117,957(252.3% ROI)
Projected value
$299,280
Return breakdown
Property appreciation+$65,483
Loan principal paid down+$28,474
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
1.06
2 BR
0.91
3 BR
1.01
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 85012 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85012 (Phoenix, AZ) is $1,870 a month. That is down 7.0% from $2,010 in FY 2026. Phoenix 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. Among 185 ZIP codes in Maricopa County, 85012 is tied for the 65th-highest two-bedroom rent (county range $1,380–$2,600). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85012 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85012
BedroomsFY 2027Change90–110% range
Studio$1,500−5.7%$1,350–$1,650
1BR$1,610−6.9%$1,449–$1,771
2BR$1,870−7.0%$1,683–$2,057
3BR$2,470−7.8%$2,223–$2,717
4BR$2,740−7.7%$2,466–$3,014

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85012
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,500$1,610$1,870$2,470$2,740
FY 2026$1,590$1,730$2,010$2,680$2,970
FY 2025$1,660$1,830$2,120$2,850$3,190
FY 2024$1,530$1,680$1,970$2,670$3,030
FY 2023$1,370$1,500$1,780$2,440$2,780

Two-bedroom rent in nearby Maricopa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 85012
85006$1,380−26.2%
85007$1,380−26.2%
85008$1,480−20.9%
85009$1,380−26.2%
85010$1,740−7.0%
85011$1,740−7.0%
85012Current$1,870—
85013$1,800−3.7%
85014$1,640−12.3%
85015$1,410−24.6%
85016$1,910+2.1%
85017$1,380−26.2%

Questions about ZIP 85012 rents

How much will Section 8 pay for a two-bedroom in ZIP 85012?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,870, that basic range is $1,683 to $2,057 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 ZIP 85012 in?

ZIP 85012 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 ZIP 85012 for FY 2027?

The two-bedroom FMR fell 7.0%, from $2,010 in FY 2026 to $1,870 in FY 2027. Since FY 2023 it has risen 5.1%.

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

County fair market rentPhoenix, AZ fair market rentAZ statewide rentsWhat is SAFMR?Data sources