Skip to main content
Loading page
Pinal County/Oracle/85623

85623

ZIPSAFMR
Pinal County, AZ
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$1,670$1,670
1 BR$1,810$1,810
2 BR$2,100$2,190
3 BR$2,800$2,260
4 BR$3,110$3,110
5 BR$3,576Not available
6 BR$4,113Not available
7 BR$4,730Not available
8 BR$5,439Not available

Purchase Price Calculator

Maximum purchase price
$263,517

Cost breakdown

+Likely effective rent$2,190
HUD FMR$2,100
Market rent$2,240
Est. payment standard (104%)Used$2,190
-Principal and interest-$1,332
Loan amount$210,813
Down payment$52,703
Rate6.50%
Term30 years
-Operating costs-$658
Property taxes-$264
Insurance-$175
Utilities$0
HOA$0
Management-$219
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,015(66.4% ROI)
Projected value
$283,779
Return breakdown
Property appreciation+$20,262
Loan principal paid down+$7,553
Rental cash flow+$7,200
5-year hold
+$60,097(114.0% ROI)
Projected value
$298,145
Return breakdown
Property appreciation+$34,628
Loan principal paid down+$13,469
Rental cash flow+$12,000
10-year hold
+$129,901(246.5% ROI)
Projected value
$337,324
Return breakdown
Property appreciation+$73,807
Loan principal paid down+$32,094
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

2 BR
0.94
3 BR
1.24
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 85623 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85623 (Oracle, AZ) is $2,100 a month. That is down 9.9% from $2,330 in FY 2026. Oracle 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 31 ZIP codes in Pinal County, 85623 is tied for the 2nd-highest two-bedroom rent (county range $1,380–$2,280). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85623 is 69% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85623
BedroomsFY 2027Change90–110% range
Studio$1,670−9.7%$1,503–$1,837
1BR$1,810−10.0%$1,629–$1,991
2BR$2,100−9.9%$1,890–$2,310
3BR$2,800−10.0%$2,520–$3,080
4BR$3,110−9.9%$2,799–$3,421

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85623
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,670$1,810$2,100$2,800$3,110
FY 2026$1,850$2,010$2,330$3,110$3,450
FY 2025$1,320$1,440$1,690$2,290$2,610
FY 2024$1,210$1,330$1,570$2,150$2,450
FY 2023$1,080$1,180$1,400$1,920$2,180

Two-bedroom rent in nearby Pinal County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 85623
85145$1,650−21.4%
85147$1,820−13.3%
85172$1,640−21.9%
85173$1,380−34.3%
85178$1,660−21.0%
85191$1,380−34.3%
85193$1,380−34.3%
85194$1,480−29.5%
85618$1,380−34.3%
85623Current$2,100—
85631$1,380−34.3%
85739$1,990−5.2%

Questions about ZIP 85623 rents

How much will Section 8 pay for a two-bedroom in ZIP 85623?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,100, that basic range is $1,890 to $2,310 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 85623 in?

ZIP 85623 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 85623 for FY 2027?

The two-bedroom FMR fell 9.9%, from $2,330 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has risen 50.0%.

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