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Maricopa County/Gilbert/85296

85296

ZIPSAFMR
Maricopa County, AZ
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$1,840$1,690
1 BR$1,970$1,440
2 BR$2,290$2,130
3 BR$3,020$2,200
4 BR$3,350$2,640
5 BR$3,852Not available
6 BR$4,430Not available
7 BR$5,095Not available
8 BR$5,859Not available

Purchase Price Calculator

Maximum purchase price
$254,601

Cost breakdown

+Likely effective rent$2,130
HUD FMR$2,290
Market rentUsed$2,130
Est. payment standard (95%)$2,190
-Principal and interest-$1,287
Loan amount$203,681
Down payment$50,920
Rate6.50%
Term30 years
-Operating costs-$643
Property taxes-$255
Insurance-$175
Utilities$0
HOA$0
Management-$213
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,074(66.9% ROI)
Projected value
$274,177
Return breakdown
Property appreciation+$19,576
Loan principal paid down+$7,297
Rental cash flow+$7,200
5-year hold
+$58,470(114.8% ROI)
Projected value
$288,057
Return breakdown
Property appreciation+$33,457
Loan principal paid down+$13,013
Rental cash flow+$12,000
10-year hold
+$126,318(248.1% ROI)
Projected value
$325,910
Return breakdown
Property appreciation+$71,310
Loan principal paid down+$31,008
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.09
1 BR
1.37
2 BR
1.08
3 BR
1.37
4 BR
1.27
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 85296 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85296 (Gilbert, AZ) is $2,290 a month. That is down 7.3% from $2,470 in FY 2026. Gilbert 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, 85296 is tied for the 18th-highest two-bedroom rent (county range $1,380–$2,600). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85296 is 84% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85296
BedroomsFY 2027Change90–110% range
Studio$1,840−6.1%$1,656–$2,024
1BR$1,970−7.5%$1,773–$2,167
2BR$2,290−7.3%$2,061–$2,519
3BR$3,020−8.2%$2,718–$3,322
4BR$3,350−8.2%$3,015–$3,685

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85296
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,840$1,970$2,290$3,020$3,350
FY 2026$1,960$2,130$2,470$3,290$3,650
FY 2025$2,100$2,310$2,680$3,610$4,030
FY 2024$2,080$2,280$2,680$3,630$4,130
FY 2023$1,680$1,830$2,170$2,980$3,390

Two-bedroom rent in nearby Maricopa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 85296
85287$1,740−24.0%
85288$1,740−24.0%
85295$2,130−7.0%
85296Current$2,290—
85297$2,300+0.4%
85298$2,600+13.5%
85299$1,740−24.0%
85301$1,400−38.9%
85302$1,390−39.3%
85303$1,690−26.2%
85304$1,550−32.3%
85305$2,020−11.8%

Questions about ZIP 85296 rents

How much will Section 8 pay for a two-bedroom in ZIP 85296?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,290, that basic range is $2,061 to $2,519 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 85296 in?

ZIP 85296 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 85296 for FY 2027?

The two-bedroom FMR fell 7.3%, from $2,470 in FY 2026 to $2,290 in FY 2027. Since FY 2023 it has risen 5.5%.

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