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Maricopa County/Peoria/85383

85383

ZIPSAFMR
Maricopa County, AZ
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,960$2,160
1 BR$2,110$2,230
2 BR$2,450$2,440
3 BR$3,230$2,390
4 BR$3,590$2,420
5 BR$4,129Not available
6 BR$4,748Not available
7 BR$5,460Not available
8 BR$6,279Not available

Purchase Price Calculator

Maximum purchase price
$300,667

Cost breakdown

+Likely effective rent$2,440
HUD FMR$2,450
Market rentUsed$2,440
Est. payment standard (100%)$2,440
-Principal and interest-$1,520
Loan amount$240,533
Down payment$60,133
Rate6.50%
Term30 years
-Operating costs-$720
Property taxes-$301
Insurance-$175
Utilities$0
HOA$0
Management-$244
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,936(64.7% ROI)
Projected value
$323,785
Return breakdown
Property appreciation+$23,118
Loan principal paid down+$8,618
Rental cash flow+$7,200
5-year hold
+$66,878(111.2% ROI)
Projected value
$340,177
Return breakdown
Property appreciation+$39,510
Loan principal paid down+$15,368
Rental cash flow+$12,000
10-year hold
+$144,831(240.8% ROI)
Projected value
$384,879
Return breakdown
Property appreciation+$84,212
Loan principal paid down+$36,618
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
0.92
2 BR
1.00
3 BR
1.35
4 BR
1.48
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 85383 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85383 (Peoria, AZ) is $2,450 a month. That is down 8.2% from $2,670 in FY 2026. Peoria 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, 85383 has the 9th-highest two-bedroom rent (county range $1,380–$2,600). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85383 is 97% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85383
BedroomsFY 2027Change90–110% range
Studio$1,960−7.5%$1,764–$2,156
1BR$2,110−8.3%$1,899–$2,321
2BR$2,450−8.2%$2,205–$2,695
3BR$3,230−9.3%$2,907–$3,553
4BR$3,590−9.1%$3,231–$3,949

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85383
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,960$2,110$2,450$3,230$3,590
FY 2026$2,120$2,300$2,670$3,560$3,950
FY 2025$2,250$2,470$2,870$3,860$4,320
FY 2024$2,190$2,400$2,820$3,820$4,340
FY 2023$2,020$2,200$2,610$3,580$4,070

Two-bedroom rent in nearby Maricopa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 85383
85376$1,740−29.0%
85377$1,880−23.3%
85378$1,570−35.9%
85379$2,160−11.8%
85380$1,740−29.0%
85381$1,760−28.2%
85382$1,970−19.6%
85383Current$2,450—
85385$1,740−29.0%
85387$2,410−1.6%
85388$2,260−7.8%
85390$1,520−38.0%

Questions about ZIP 85383 rents

How much will Section 8 pay for a two-bedroom in ZIP 85383?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,450, that basic range is $2,205 to $2,695 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 85383 in?

ZIP 85383 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 85383 for FY 2027?

The two-bedroom FMR fell 8.2%, from $2,670 in FY 2026 to $2,450 in FY 2027. Since FY 2023 it has fallen 6.1%.

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