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Maricopa County/Phoenix/85083

85083

ZIPSAFMR
Maricopa County, AZ
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,910$1,440
1 BR$2,050$1,580
2 BR$2,380$2,080
3 BR$3,140$2,220
4 BR$3,480$2,630
5 BR$4,002Not available
6 BR$4,602Not available
7 BR$5,293Not available
8 BR$6,087Not available

Purchase Price Calculator

Maximum purchase price
$247,171

Cost breakdown

+Likely effective rent$2,080
HUD FMR$2,380
Market rentUsed$2,080
Est. payment standard (92%)$2,190
-Principal and interest-$1,250
Loan amount$197,737
Down payment$49,434
Rate6.50%
Term30 years
-Operating costs-$630
Property taxes-$247
Insurance-$175
Utilities$0
HOA$0
Management-$208
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,290(67.3% ROI)
Projected value
$266,176
Return breakdown
Property appreciation+$19,005
Loan principal paid down+$7,084
Rental cash flow+$7,200
5-year hold
+$57,114(115.5% ROI)
Projected value
$279,651
Return breakdown
Property appreciation+$32,480
Loan principal paid down+$12,633
Rental cash flow+$12,000
10-year hold
+$123,332(249.5% ROI)
Projected value
$316,399
Return breakdown
Property appreciation+$69,229
Loan principal paid down+$30,103
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.33
1 BR
1.30
2 BR
1.14
3 BR
1.41
4 BR
1.32
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 85083 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85083 (Phoenix, AZ) is $2,380 a month. That is down 5.2% from $2,510 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, 85083 has the 12th-highest two-bedroom rent (county range $1,380–$2,600). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85083 is 91% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85083
BedroomsFY 2027Change90–110% range
Studio$1,910−4.0%$1,719–$2,101
1BR$2,050−5.1%$1,845–$2,255
2BR$2,380−5.2%$2,142–$2,618
3BR$3,140−6.5%$2,826–$3,454
4BR$3,480−7.4%$3,132–$3,828

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85083
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,910$2,050$2,380$3,140$3,480
FY 2026$1,990$2,160$2,510$3,360$3,760
FY 2025$2,170$2,380$2,770$3,730$4,170
FY 2024$2,140$2,340$2,750$3,720$4,230
FY 2023$2,020$2,200$2,610$3,580$4,070

Two-bedroom rent in nearby Maricopa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 85083
85070$1,740−26.9%
85071$1,740−26.9%
85074$1,740−26.9%
85076$1,740−26.9%
85078$1,740−26.9%
85079$1,740−26.9%
85080$1,740−26.9%
85082$1,740−26.9%
85083Current$2,380—
85085$1,990−16.4%
85086$2,350−1.3%
85087$2,100−11.8%

Questions about ZIP 85083 rents

How much will Section 8 pay for a two-bedroom in ZIP 85083?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,380, that basic range is $2,142 to $2,618 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 85083 in?

ZIP 85083 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 85083 for FY 2027?

The two-bedroom FMR fell 5.2%, from $2,510 in FY 2026 to $2,380 in FY 2027. Since FY 2023 it has fallen 8.8%.

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