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Pinal County/Apache Junction/85120

85120

ZIPSAFMR
Pinal County, AZ
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,080$1,130
1 BR$1,170$1,270
2 BR$1,380$1,500
3 BR$1,870$1,970
4 BR$2,120$2,130
5 BR$2,438Not available
6 BR$2,804Not available
7 BR$3,224Not available
8 BR$3,708Not available

Purchase Price Calculator

Maximum purchase price
$160,983

Cost breakdown

+Likely effective rent$1,500
HUD FMR$1,380
Market rent$1,560
Est. payment standard (108%)Used$1,500
-Principal and interest-$814
Loan amount$128,786
Down payment$32,197
Rate6.50%
Term30 years
-Operating costs-$486
Property taxes-$161
Insurance-$175
Utilities$0
HOA$0
Management-$150
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,192(75.1% ROI)
Projected value
$173,361
Return breakdown
Property appreciation+$12,378
Loan principal paid down+$4,614
Rental cash flow+$7,200
5-year hold
+$41,383(128.5% ROI)
Projected value
$182,137
Return breakdown
Property appreciation+$21,154
Loan principal paid down+$8,228
Rental cash flow+$12,000
10-year hold
+$88,695(275.5% ROI)
Projected value
$206,072
Return breakdown
Property appreciation+$45,089
Loan principal paid down+$19,606
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.94
1 BR
0.88
2 BR
0.88
3 BR
0.93
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 85120 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85120 (Apache Junction, AZ) is $1,380 a month. That is down 9.8% from $1,530 in FY 2026. Apache Junction 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 31 ZIP codes in Pinal County, 85120 is tied for the 22nd-highest two-bedroom rent (county range $1,380–$2,280). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85120 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85120
BedroomsFY 2027Change90–110% range
Studio$1,080−9.2%$972–$1,188
1BR$1,170−10.0%$1,053–$1,287
2BR$1,380−9.8%$1,242–$1,518
3BR$1,870−9.7%$1,683–$2,057
4BR$2,120−9.8%$1,908–$2,332

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85120
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,080$1,170$1,380$1,870$2,120
FY 2026$1,190$1,300$1,530$2,070$2,350
FY 2025$1,320$1,440$1,690$2,290$2,610
FY 2024$1,210$1,330$1,570$2,150$2,450
FY 2023$1,000$1,090$1,290$1,770$2,010

Two-bedroom rent in nearby Pinal County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 85120
85117$1,660+20.3%
85118$1,430+3.6%
85119$1,390+0.7%
85120Current$1,380—
85121$2,070+50.0%
85122$1,440+4.3%
85123$1,3800.0%
85128$1,3800.0%
85130$1,660+20.3%
85131$1,3800.0%
85132$1,560+13.0%
85137$1,420+2.9%

Questions about ZIP 85120 rents

How much will Section 8 pay for a two-bedroom in ZIP 85120?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,380, that basic range is $1,242 to $1,518 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 85120 in?

ZIP 85120 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 85120 for FY 2027?

The two-bedroom FMR fell 9.8%, from $1,530 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 7.0%.

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

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