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Maricopa County/Mesa/85207

85207

ZIPSAFMR
Maricopa County, AZ
Zillow

ZIP Investment Score

73Below average

095130300
BRFMR
Eff. Rent
0 BR$1,360$1,200
1 BR$1,460$1,270
2 BR$1,700$1,840
3 BR$2,240$2,330
4 BR$2,490$2,740
5 BR$2,864Not available
6 BR$3,293Not available
7 BR$3,787Not available
8 BR$4,355Not available

Purchase Price Calculator

Maximum purchase price
$211,507

Cost breakdown

+Likely effective rent$1,840
HUD FMR$1,700
Market rent$1,910
Est. payment standard (108%)Used$1,840
-Principal and interest-$1,069
Loan amount$169,205
Down payment$42,301
Rate6.50%
Term30 years
-Operating costs-$571
Property taxes-$212
Insurance-$175
Utilities$0
HOA$0
Management-$184
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,525(69.8% ROI)
Projected value
$227,770
Return breakdown
Property appreciation+$16,263
Loan principal paid down+$6,062
Rental cash flow+$7,200
5-year hold
+$50,604(119.6% ROI)
Projected value
$239,300
Return breakdown
Property appreciation+$27,794
Loan principal paid down+$10,811
Rental cash flow+$12,000
10-year hold
+$108,999(257.7% ROI)
Projected value
$270,747
Return breakdown
Property appreciation+$59,240
Loan principal paid down+$25,760
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
1.15
2 BR
0.89
3 BR
0.94
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 85207 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85207 (Mesa, AZ) is $1,700 a month. That is down 5.6% from $1,800 in FY 2026. Mesa 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, 85207 is tied for the 139th-highest two-bedroom rent (county range $1,380–$2,600). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85207 is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85207
BedroomsFY 2027Change90–110% range
Studio$1,360−4.9%$1,224–$1,496
1BR$1,460−5.8%$1,314–$1,606
2BR$1,700−5.6%$1,530–$1,870
3BR$2,240−6.7%$2,016–$2,464
4BR$2,490−6.4%$2,241–$2,739

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85207
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,360$1,460$1,700$2,240$2,490
FY 2026$1,430$1,550$1,800$2,400$2,660
FY 2025$1,520$1,670$1,940$2,610$2,920
FY 2024$1,470$1,610$1,890$2,560$2,910
FY 2023$1,370$1,490$1,770$2,430$2,760

Two-bedroom rent in nearby Maricopa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 85207
85201$1,510−11.2%
85202$1,7000.0%
85203$1,510−11.2%
85204$1,530−10.0%
85205$1,450−14.7%
85206$1,800+5.9%
85207Current$1,700—
85208$1,650−2.9%
85209$1,930+13.5%
85210$1,570−7.6%
85211$1,740+2.4%
85212$2,240+31.8%

Questions about ZIP 85207 rents

How much will Section 8 pay for a two-bedroom in ZIP 85207?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,700, that basic range is $1,530 to $1,870 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 85207 in?

ZIP 85207 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 85207 for FY 2027?

The two-bedroom FMR fell 5.6%, from $1,800 in FY 2026 to $1,700 in FY 2027. Since FY 2023 it has fallen 4.0%.

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