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Santa Cruz County/Sonoita/85637

85637

ZIPSAFMR
Santa Cruz County, AZ
Zillow

ZIP Investment Score

44Below average

095130300
BRFMR
Eff. Rent
0 BR$1,050$1,050
1 BR$1,160$1,160
2 BR$1,510$1,510
3 BR$2,090$2,090
4 BR$2,250$2,250
5 BR$2,588Not available
6 BR$2,976Not available
7 BR$3,422Not available
8 BR$3,935Not available

Purchase Price Calculator

Maximum purchase price
$162,469

Cost breakdown

+Likely effective rent$1,510
HUD FMRUsed$1,510
Market rentN/A
Est. payment standardN/A
-Principal and interest-$822
Loan amount$129,975
Down payment$32,494
Rate6.50%
Term30 years
-Operating costs-$488
Property taxes-$162
Insurance-$175
Utilities$0
HOA$0
Management-$151
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,349(74.9% ROI)
Projected value
$174,961
Return breakdown
Property appreciation+$12,492
Loan principal paid down+$4,657
Rental cash flow+$7,200
5-year hold
+$41,654(128.2% ROI)
Projected value
$183,819
Return breakdown
Property appreciation+$21,350
Loan principal paid down+$8,304
Rental cash flow+$12,000
10-year hold
+$89,292(274.8% ROI)
Projected value
$207,974
Return breakdown
Property appreciation+$45,505
Loan principal paid down+$19,787
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 85637 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85637 (Sonoita, AZ) is $1,510 a month. That is down 7.4% from $1,630 in FY 2026. Sonoita is in the Santa Cruz 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 $1,041. Among 8 ZIP codes in Santa Cruz County, 85637 has the 2nd-highest two-bedroom rent (county range $1,020–$1,560). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85637 is 21% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85637
BedroomsFY 2027Change90–110% range
Studio$1,050−6.2%$945–$1,155
1BR$1,160−7.2%$1,044–$1,276
2BR$1,510−7.4%$1,359–$1,661
3BR$2,090−7.9%$1,881–$2,299
4BR$2,250−8.5%$2,025–$2,475

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85637
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,160$1,510$2,090$2,250
FY 2026$1,120$1,250$1,630$2,270$2,460
FY 2025$1,130$1,260$1,650$2,330$2,730
FY 2024$1,240$1,400$1,830$2,580$3,030
FY 2023$1,080$1,220$1,610$2,280$2,680

Two-bedroom rent in nearby Santa Cruz County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 85637
85611$1,410−6.6%
85621$1,020−32.5%
85624$1,340−11.3%
85628$1,040−31.1%
85637Current$1,510—
85640$1,390−7.9%
85646$1,560+3.3%
85648$1,260−16.6%

Questions about ZIP 85637 rents

How much will Section 8 pay for a two-bedroom in ZIP 85637?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,041, which applies unless the housing authority uses Small Area FMRs, that basic range is $937 to $1,145 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. 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 85637 in?

ZIP 85637 is in the Santa Cruz County, AZ non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,041.

How much did fair market rent change in ZIP 85637 for FY 2027?

The two-bedroom FMR fell 7.4%, from $1,630 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has fallen 6.2%.

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