FMR is below market; voucher rent may lag private rents.
0.74
1 BR
1 BR
0.65ratio
FMR$1,050
Market$1,610
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.65
2 BR
2 BR
0.74ratio
FMR$1,380
Market$1,870
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.74
3 BR
3 BR
0.63ratio
FMR$1,690
Market$2,670
vs market-$980
FMR is below market; voucher rent may lag private rents.
0.63
4 BR
4 BR
0.70ratio
FMR$1,960
Market$2,810
vs market-$850
FMR is below market; voucher rent may lag private rents.
0.70
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 85547 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85547 (Payson, AZ) is $1,380 a month. That is down 6.8% from $1,480 in FY 2026. Payson is in the Gila 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 $1,380. Among 13 ZIP codes in Gila County, 85547 is tied for the 6th-highest two-bedroom rent (county range $1,340–$1,540). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85547 is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 85547
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,120
$1,050
−6.2%
$945–$1,155
1BR
$1,130
$1,050
−7.1%
$945–$1,155
2BR
$1,480
$1,380
−6.8%
$1,242–$1,518
3BR
$1,870
$1,690
−9.6%
$1,521–$1,859
4BR
$2,170
$1,960
−9.7%
$1,764–$2,156
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 85547
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,050
$1,050
$1,380
$1,690
$1,960
FY 2026
$1,120
$1,130
$1,480
$1,870
$2,170
FY 2025
$970
$1,080
$1,410
$1,930
$2,010
FY 2024area FMR
$855
$960
$1,262
$1,778
$1,846
FY 2023area FMR
$830
$836
$1,100
$1,517
$1,522
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 85547?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,380, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,242 to $1,518 a month; under the ZIP-level Small Area FMR of $1,380 it would be $1,242 to $1,518. 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 85547 in?
ZIP 85547 is in the Gila County, AZ non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,380.
How much did fair market rent change in ZIP 85547 for FY 2027?
The two-bedroom FMR fell 6.8%, from $1,480 in FY 2026 to $1,380 in FY 2027. Since FY 2025 it has fallen 2.1%.
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