FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR
0.76ratio
FMR$1,430
Market$1,870
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.76
2 BR
2 BR
0.91ratio
FMR$1,660
Market$1,820
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR
1.17ratio
FMR$2,190
Market$1,870
vs market+$320
FMR is above market; underwrite to market rent.
1.17
4 BR
4 BR
1.17ratio
FMR$2,430
Market$2,080
vs market+$350
FMR is above market; underwrite to market rent.
1.17
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
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ZIP 85144 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85144 (San Tan Valley, AZ) is $1,660 a month. That is down 4.6% from $1,740 in FY 2026. San Tan Valley 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, 85144 is tied for the 10th-highest two-bedroom rent (county range $1,380–$2,280). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85144 is 33% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 85144
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,380
$1,330
−3.6%
$1,197–$1,463
1BR
$1,500
$1,430
−4.7%
$1,287–$1,573
2BR
$1,740
$1,660
−4.6%
$1,494–$1,826
3BR
$2,320
$2,190
−5.6%
$1,971–$2,409
4BR
$2,570
$2,430
−5.4%
$2,187–$2,673
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 85144
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,330
$1,430
$1,660
$2,190
$2,430
FY 2026
$1,380
$1,500
$1,740
$2,320
$2,570
FY 2025
$1,440
$1,580
$1,840
$2,480
$2,770
FY 2024area FMR
$1,460
$1,599
$1,877
$2,541
$2,890
FY 2023area FMR
$1,344
$1,467
$1,740
$2,386
$2,716
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 85144?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,660, that basic range is $1,494 to $1,826 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 85144 in?
ZIP 85144 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 85144 for FY 2027?
The two-bedroom FMR fell 4.6%, from $1,740 in FY 2026 to $1,660 in FY 2027. Since FY 2025 it has fallen 9.8%.
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