85734

ZIPSAFMR

Pima County, AZ

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,200	$1,210	9.7%
1 BR	$1,340	$1,140	9.5%
2 BR	$1,730	$1,560	8.9%
3 BR	$2,400	$1,620	8.3%
4 BR	$2,720	$1,860	7.2%
5 BR	$3,128	Not available	7.2%
6 BR	$3,597	Not available	7.2%
7 BR	$4,137	Not available	7.2%
8 BR	$4,757	Not available	7.2%

Purchase Price Calculator

Maximum purchase price

$169,899

Cost breakdown

+Likely effective rent$1,560

HUD FMR$1,730

Market rentUsed$1,560

Est. payment standard (94%)$1,620

-Principal and interest-$859

Loan amount$135,919

Down payment$33,980

Rate6.50%

Term30 years

-Operating costs-$501

Property taxes-$170

Insurance-$175

Utilities$0

HOA$0

Management-$156

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$25,133(74.0% ROI)

Projected value

$182,962

Return breakdown

Property appreciation+$13,064

Loan principal paid down+$4,870

Rental cash flow+$7,200

5-year hold

+$43,010(126.6% ROI)

Projected value

$192,225

Return breakdown

Property appreciation+$22,326

Loan principal paid down+$8,684

Rental cash flow+$12,000

10-year hold

+$92,278(271.6% ROI)

Projected value

$217,485

Return breakdown

Property appreciation+$47,586

Loan principal paid down+$20,692

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.98ratio

FMR$1,200

Market$1,220

vs market-$20

FMR is near market; voucher and private rents are aligned.

0.98

1 BR

1.18ratio

FMR$1,340

Market$1,140

vs market+$200

FMR is above market; underwrite to market rent.

1.18

2 BR

1.11ratio

FMR$1,730

Market$1,560

vs market+$170

FMR is above market; underwrite to market rent.

1.11

3 BR

1.48ratio

FMR$2,400

Market$1,620

vs market+$780

FMR is above market; underwrite to market rent.

1.48

4 BR

1.46ratio

FMR$2,720

Market$1,860

vs market+$860

FMR is above market; underwrite to market rent.

1.46

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: --

ZIP 85734 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 85734 (Tucson, AZ) is $1,730 a month. That is unchanged from FY 2026. Tucson is in the Tucson, AZ MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 66 ZIP codes in Pima County, 85734 is tied for the 13th-highest two-bedroom rent (county range $1,100–$2,110). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 85734 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 85734
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,190	$1,200	+0.8%	$1,080–$1,320
1BR	$1,330	$1,340	+0.8%	$1,206–$1,474
2BR	$1,730	$1,730	0.0%	$1,557–$1,903
3BR	$2,410	$2,400	−0.4%	$2,160–$2,640
4BR	$2,770	$2,720	−1.8%	$2,448–$2,992

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 85734
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,200	$1,340	$1,730	$2,400	$2,720
FY 2026	$1,190	$1,330	$1,730	$2,410	$2,770
FY 2025	$1,150	$1,280	$1,670	$2,340	$2,710
FY 2024	$910	$1,020	$1,340	$1,890	$2,210
FY 2023	$790	$900	$1,180	$1,680	$1,960

Two-bedroom rent in nearby Pima County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 85734
85728	$1,410	−18.5%
85730	$1,470	−15.0%
85731	$1,410	−18.5%
85732	$1,410	−18.5%
85733	$1,410	−18.5%
85734Current	$1,730	—
85735	$1,660	−4.0%
85736	$1,190	−31.2%
85737	$2,030	+17.3%
85738	$1,410	−18.5%
85740	$1,410	−18.5%
85741	$1,770	+2.3%

Questions about ZIP 85734 rents

How much will Section 8 pay for a two-bedroom in ZIP 85734?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,730, that basic range is $1,557 to $1,903 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 85734 in?

ZIP 85734 is in the Tucson, 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 85734 for FY 2027?

The two-bedroom FMR was unchanged at $1,730 in FY 2027. Since FY 2023 it has risen 46.6%.

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 rent Tucson, AZ fair market rent AZ statewide rents What is SAFMR?Data sources