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Graham County/Central/85531

85531

ZIPSAFMR
Graham County, AZ
Zillow

ZIP Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$1,210$780
1 BR$1,220$890
2 BR$1,540$1,480
3 BR$2,080$1,990
4 BR$2,580$2,350
5 BR$2,967Not available
6 BR$3,412Not available
7 BR$3,924Not available
8 BR$4,512Not available

Purchase Price Calculator

Maximum purchase price
$158,011

Cost breakdown

+Likely effective rent$1,480
HUD FMR$1,540
Market rentUsed$1,480
Est. payment standard (97%)$1,500
-Principal and interest-$799
Loan amount$126,409
Down payment$31,602
Rate6.50%
Term30 years
-Operating costs-$481
Property taxes-$158
Insurance-$175
Utilities$0
HOA$0
Management-$148
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,878(75.6% ROI)
Projected value
$170,160
Return breakdown
Property appreciation+$12,150
Loan principal paid down+$4,529
Rental cash flow+$7,200
5-year hold
+$40,840(129.2% ROI)
Projected value
$178,775
Return breakdown
Property appreciation+$20,764
Loan principal paid down+$8,076
Rental cash flow+$12,000
10-year hold
+$87,501(276.9% ROI)
Projected value
$202,267
Return breakdown
Property appreciation+$44,256
Loan principal paid down+$19,244
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.55
1 BR
1.37
2 BR
1.04
3 BR
1.05
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 85531 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85531 (Central, AZ) is $1,540 a month. That is down 9.9% from $1,710 in FY 2026. Central is in the Graham County, AZ non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,159. Among 9 ZIP codes in Graham County, 85531 has the highest two-bedroom rent (county range $1,120–$1,540). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85531 is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85531
BedroomsFY 2027Change90–110% range
Studio$1,210−9.7%$1,089–$1,331
1BR$1,220−9.6%$1,098–$1,342
2BR$1,540−9.9%$1,386–$1,694
3BR$2,080−10.0%$1,872–$2,288
4BR$2,580−9.8%$2,322–$2,838

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85531
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,210$1,220$1,540$2,080$2,580
FY 2026$1,340$1,350$1,710$2,310$2,860
FY 2025$1,480$1,490$1,890$2,560$3,170
FY 2024area FMR$928$933$1,157$1,611$1,963
FY 2023area FMR$845$850$1,026$1,458$1,748

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Graham County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 85531
85530$1,160−24.7%
85531Current$1,540—
85535$1,230−20.1%
85536$1,160−24.7%
85543$1,230−20.1%
85546$1,140−26.0%
85548$1,160−24.7%
85551$1,140−26.0%
85552$1,120−27.3%

Questions about ZIP 85531 rents

How much will Section 8 pay for a two-bedroom in ZIP 85531?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,159, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,043 to $1,275 a month; under the ZIP-level Small Area FMR of $1,540 it would be $1,386 to $1,694. 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 85531 in?

ZIP 85531 is in the Graham County, AZ non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,159.

How much did fair market rent change in ZIP 85531 for FY 2027?

The two-bedroom FMR fell 9.9%, from $1,710 in FY 2026 to $1,540 in FY 2027. Since FY 2025 it has fallen 18.5%.

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