85178

ZIPSAFMR

Pinal County, AZ

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,330	$1,140	-1.2%
1 BR	$1,430	$1,310	-2.0%
2 BR	$1,660	$1,560	-2.3%
3 BR	$2,190	$2,020	-3.1%
4 BR	$2,430	$2,170	-3.9%
5 BR	$2,795	Not available	-3.9%
6 BR	$3,214	Not available	-3.9%
7 BR	$3,696	Not available	-3.9%
8 BR	$4,250	Not available	-3.9%

Purchase Price Calculator

Maximum purchase price

$169,899

Cost breakdown

+Likely effective rent$1,560

HUD FMR$1,660

Market rentUsed$1,560

Est. payment standard (96%)$1,600

-Principal and interest-$859

Loan amount$135,919

Down payment$33,980

Rate6.50%

Term30 years

-Operating costs-$501

Property taxes-$170

Insurance-$175

Utilities$0

HOA$0

Management-$156

=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

+$25,133(74.0% ROI)

Projected value

$182,962

Return breakdown

Property appreciation+$13,064

Loan principal paid down+$4,870

Rental cash flow+$7,200

5-year hold

+$43,010(126.6% ROI)

Projected value

$192,225

Return breakdown

Property appreciation+$22,326

Loan principal paid down+$8,684

Rental cash flow+$12,000

10-year hold

+$92,278(271.6% ROI)

Projected value

$217,485

Return breakdown

Property appreciation+$47,586

Loan principal paid down+$20,692

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.17ratio

FMR$1,330

Market$1,140

vs market+$190

FMR is above market; underwrite to market rent.

1.17

1 BR

1.09ratio

FMR$1,430

Market$1,310

vs market+$120

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

1.09

2 BR

1.06ratio

FMR$1,660

Market$1,560

vs market+$100

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

1.06

3 BR

1.08ratio

FMR$2,190

Market$2,020

vs market+$170

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

1.08

4 BR

1.12ratio

FMR$2,430

Market$2,170

vs market+$260

FMR is above market; underwrite to market rent.

1.12

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 85178 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85178 (Apache Junction, AZ) is $1,660 a month. That is down 4.6% from $1,740 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, 85178 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 85178 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85178
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 85178
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 2024	$1,380	$1,520	$1,780	$2,410	$2,740
FY 2023	$1,300	$1,420	$1,680	$2,300	$2,620

Two-bedroom rent in nearby Pinal County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 85178
85141	$1,380	−16.9%
85142	$2,280	+37.3%
85143	$2,030	+22.3%
85144	$1,660	0.0%
85145	$1,650	−0.6%
85147	$1,820	+9.6%
85172	$1,640	−1.2%
85173	$1,380	−16.9%
85178Current	$1,660	—
85191	$1,380	−16.9%
85193	$1,380	−16.9%
85194	$1,480	−10.8%

Questions about ZIP 85178 rents

How much will Section 8 pay for a two-bedroom in ZIP 85178?

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 85178 in?

ZIP 85178 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 85178 for FY 2027?

The two-bedroom FMR fell 4.6%, from $1,740 in FY 2026 to $1,660 in FY 2027. Since FY 2023 it has fallen 1.2%.

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