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Maricopa County/New River/85087

85087

ZIPSAFMR
Maricopa County, AZ
Zillow

ZIP Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$1,680$1,850
1 BR$1,810$1,990
2 BR$2,100$2,310
3 BR$2,770$2,100
4 BR$3,090$2,690
5 BR$3,553Not available
6 BR$4,087Not available
7 BR$4,700Not available
8 BR$5,404Not available

Purchase Price Calculator

Maximum purchase price
$281,349

Cost breakdown

+Likely effective rent$2,310
HUD FMR$2,100
Market rent$2,930
Est. payment standard (110%)Used$2,310
-Principal and interest-$1,423
Loan amount$225,079
Down payment$56,270
Rate6.50%
Term30 years
-Operating costs-$687
Property taxes-$281
Insurance-$175
Utilities$0
HOA$0
Management-$231
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,897(65.6% ROI)
Projected value
$302,982
Return breakdown
Property appreciation+$21,633
Loan principal paid down+$8,064
Rental cash flow+$7,200
5-year hold
+$63,352(112.6% ROI)
Projected value
$318,320
Return breakdown
Property appreciation+$36,972
Loan principal paid down+$14,380
Rental cash flow+$12,000
10-year hold
+$137,067(243.6% ROI)
Projected value
$360,150
Return breakdown
Property appreciation+$78,801
Loan principal paid down+$34,266
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.80
1 BR
0.79
2 BR
0.72
3 BR
1.32
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 85087 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85087 (New River, AZ) is $2,100 a month. That is down 7.9% from $2,280 in FY 2026. New River 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, 85087 has the 33rd-highest two-bedroom rent (county range $1,380–$2,600). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85087 is 69% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85087
BedroomsFY 2027Change90–110% range
Studio$1,680−6.7%$1,512–$1,848
1BR$1,810−8.1%$1,629–$1,991
2BR$2,100−7.9%$1,890–$2,310
3BR$2,770−9.5%$2,493–$3,047
4BR$3,090−9.9%$2,781–$3,399

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85087
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,680$1,810$2,100$2,770$3,090
FY 2026$1,800$1,970$2,280$3,060$3,430
FY 2025$1,990$2,180$2,530$3,400$3,810
FY 2024$2,090$2,290$2,690$3,640$4,140
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. 85087
85070$1,740−17.1%
85071$1,740−17.1%
85074$1,740−17.1%
85076$1,740−17.1%
85078$1,740−17.1%
85079$1,740−17.1%
85080$1,740−17.1%
85082$1,740−17.1%
85083$2,380+13.3%
85085$1,990−5.2%
85086$2,350+11.9%
85087Current$2,100—

Questions about ZIP 85087 rents

How much will Section 8 pay for a two-bedroom in ZIP 85087?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,100, that basic range is $1,890 to $2,310 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 85087 in?

ZIP 85087 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 85087 for FY 2027?

The two-bedroom FMR fell 7.9%, from $2,280 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has fallen 19.5%.

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 rentNew River, AZ fair market rentAZ statewide rentsWhat is SAFMR?Data sources