85121

ZIPSAFMR

Pinal County, AZ

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,660	$1,630	-3.5%
1 BR	$1,790	$1,860	-3.9%
2 BR	$2,070	$2,000	-4.4%
3 BR	$2,760	$1,690	-4.9%
4 BR	$3,060	$1,960	-5.8%
5 BR	$3,519	Not available	-5.8%
6 BR	$4,047	Not available	-5.8%
7 BR	$4,654	Not available	-5.8%
8 BR	$5,352	Not available	-5.8%

Purchase Price Calculator

Maximum purchase price

$235,283

Cost breakdown

+Likely effective rent$2,000

HUD FMR$2,070

Market rentUsed$2,000

Est. payment standard (98%)$2,020

-Principal and interest-$1,190

Loan amount$188,226

Down payment$47,057

Rate6.50%

Term30 years

-Operating costs-$610

Property taxes-$235

Insurance-$175

Utilities$0

HOA$0

Management-$200

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$32,035(68.1% ROI)

Projected value

$253,374

Return breakdown

Property appreciation+$18,091

Loan principal paid down+$6,744

Rental cash flow+$7,200

5-year hold

+$54,944(116.8% ROI)

Projected value

$266,201

Return breakdown

Property appreciation+$30,918

Loan principal paid down+$12,026

Rental cash flow+$12,000

10-year hold

+$118,554(251.9% ROI)

Projected value

$301,182

Return breakdown

Property appreciation+$65,899

Loan principal paid down+$28,655

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.02ratio

FMR$1,660

Market$1,630

vs market+$30

FMR is near market; voucher and private rents are aligned.

1.02

1 BR

0.94ratio

FMR$1,790

Market$1,900

vs market-$110

FMR is near market; voucher and private rents are aligned.

0.94

2 BR

1.03ratio

FMR$2,070

Market$2,000

vs market+$70

FMR is near market; voucher and private rents are aligned.

1.03

3 BR

1.63ratio

FMR$2,760

Market$1,690

vs market+$1,070

FMR is above market; underwrite to market rent.

1.63

4 BR

1.56ratio

FMR$3,060

Market$1,960

vs market+$1,100

FMR is above market; underwrite to market rent.

1.56

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: --

ZIP 85121 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85121 (Bapchule, AZ) is $2,070 a month. That is down 9.6% from $2,290 in FY 2026. Bapchule 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, 85121 has the 5th-highest two-bedroom rent (county range $1,380–$2,280). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85121 is 66% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85121
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,820	$1,660	−8.8%	$1,494–$1,826
1BR	$1,970	$1,790	−9.1%	$1,611–$1,969
2BR	$2,290	$2,070	−9.6%	$1,863–$2,277
3BR	$3,060	$2,760	−9.8%	$2,484–$3,036
4BR	$3,390	$3,060	−9.7%	$2,754–$3,366

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85121
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,660	$1,790	$2,070	$2,760	$3,060
FY 2026	$1,820	$1,970	$2,290	$3,060	$3,390
FY 2025	$1,920	$2,110	$2,450	$3,290	$3,690
FY 2024	$1,850	$2,020	$2,370	$3,210	$3,660
FY 2023	$1,700	$1,850	$2,200	$3,020	$3,440

Two-bedroom rent in nearby Pinal County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 85121
85117	$1,660	−19.8%
85118	$1,430	−30.9%
85119	$1,390	−32.9%
85120	$1,380	−33.3%
85121Current	$2,070	—
85122	$1,440	−30.4%
85123	$1,380	−33.3%
85128	$1,380	−33.3%
85130	$1,660	−19.8%
85131	$1,380	−33.3%
85132	$1,560	−24.6%
85137	$1,420	−31.4%

Questions about ZIP 85121 rents

How much will Section 8 pay for a two-bedroom in ZIP 85121?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,070, that basic range is $1,863 to $2,277 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 85121 in?

ZIP 85121 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 85121 for FY 2027?

The two-bedroom FMR fell 9.6%, from $2,290 in FY 2026 to $2,070 in FY 2027. Since FY 2023 it has fallen 5.9%.

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 rent Bapchule, AZ fair market rent AZ statewide rents What is SAFMR?Data sources