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Maricopa County/Tempe/85281

85281

ZIPSAFMR
Maricopa County, AZ
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$1,440$1,500
1 BR$1,560$1,720
2 BR$1,810$1,990
3 BR$2,420$2,490
4 BR$2,680$2,720
5 BR$3,082Not available
6 BR$3,544Not available
7 BR$4,076Not available
8 BR$4,687Not available

Purchase Price Calculator

Maximum purchase price
$233,797

Cost breakdown

+Likely effective rent$1,990
HUD FMR$1,810
Market rent$2,130
Est. payment standard (110%)Used$1,990
-Principal and interest-$1,182
Loan amount$187,037
Down payment$46,759
Rate6.50%
Term30 years
-Operating costs-$608
Property taxes-$234
Insurance-$175
Utilities$0
HOA$0
Management-$199
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,878(68.2% ROI)
Projected value
$251,773
Return breakdown
Property appreciation+$17,977
Loan principal paid down+$6,701
Rental cash flow+$7,200
5-year hold
+$54,673(116.9% ROI)
Projected value
$264,519
Return breakdown
Property appreciation+$30,723
Loan principal paid down+$11,950
Rental cash flow+$12,000
10-year hold
+$117,957(252.3% ROI)
Projected value
$299,280
Return breakdown
Property appreciation+$65,483
Loan principal paid down+$28,474
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.94
1 BR
0.84
2 BR
0.85
3 BR
0.96
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 85281 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85281 (Tempe, AZ) is $1,810 a month. That is down 10.0% from $2,010 in FY 2026. Tempe 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, 85281 is tied for the 70th-highest two-bedroom rent (county range $1,380–$2,600). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85281 is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85281
BedroomsFY 2027Change90–110% range
Studio$1,440−9.4%$1,296–$1,584
1BR$1,560−9.8%$1,404–$1,716
2BR$1,810−10.0%$1,629–$1,991
3BR$2,420−9.7%$2,178–$2,662
4BR$2,680−9.8%$2,412–$2,948

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85281
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,440$1,560$1,810$2,420$2,680
FY 2026$1,590$1,730$2,010$2,680$2,970
FY 2025$1,680$1,840$2,140$2,880$3,220
FY 2024$1,570$1,720$2,020$2,740$3,110
FY 2023$1,480$1,620$1,920$2,630$3,000

Two-bedroom rent in nearby Maricopa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 85281
85274$1,740−3.9%
85275$1,740−3.9%
85277$1,740−3.9%
85280$1,740−3.9%
85281Current$1,810—
85282$1,8100.0%
85283$1,880+3.9%
85284$2,320+28.2%
85285$1,740−3.9%
85286$2,220+22.7%
85287$1,740−3.9%
85288$1,740−3.9%

Questions about ZIP 85281 rents

How much will Section 8 pay for a two-bedroom in ZIP 85281?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,810, that basic range is $1,629 to $1,991 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 85281 in?

ZIP 85281 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 85281 for FY 2027?

The two-bedroom FMR fell 10.0%, from $2,010 in FY 2026 to $1,810 in FY 2027. Since FY 2023 it has fallen 5.7%.

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