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Coconino County/Flagstaff/86005

86005

ZIPSAFMR
Coconino County, AZ
Zillow

ZIP Investment Score

45Below average

095130300
BRFMR
Eff. Rent
0 BR$1,450$1,600
1 BR$1,600$1,690
2 BR$1,750$1,930
3 BR$2,160$2,380
4 BR$2,340$2,570
5 BR$2,691Not available
6 BR$3,095Not available
7 BR$3,559Not available
8 BR$4,093Not available

Purchase Price Calculator

Maximum purchase price
$224,881

Cost breakdown

+Likely effective rent$1,930
HUD FMR$1,750
Market rent$2,380
Est. payment standard (110%)Used$1,930
-Principal and interest-$1,137
Loan amount$179,905
Down payment$44,976
Rate6.50%
Term30 years
-Operating costs-$593
Property taxes-$225
Insurance-$175
Utilities$0
HOA$0
Management-$193
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,937(68.8% ROI)
Projected value
$242,172
Return breakdown
Property appreciation+$17,291
Loan principal paid down+$6,446
Rental cash flow+$7,200
5-year hold
+$53,045(117.9% ROI)
Projected value
$254,432
Return breakdown
Property appreciation+$29,551
Loan principal paid down+$11,494
Rental cash flow+$12,000
10-year hold
+$114,374(254.3% ROI)
Projected value
$287,866
Return breakdown
Property appreciation+$62,986
Loan principal paid down+$27,388
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.92
2 BR
0.74
3 BR
0.81
4 BR
0.77
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 86005 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 86005 (Flagstaff, AZ) is $1,750 a month. That is down 9.8% from $1,940 in FY 2026. Flagstaff is in the Flagstaff, AZ MSA. 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 metro-wide two-bedroom FMR of $1,729. Among 27 ZIP codes in Coconino County, 86005 has the 9th-highest two-bedroom rent (county range $1,730–$1,950). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 86005 is 41% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 86005
BedroomsFY 2027Change90–110% range
Studio$1,450−9.9%$1,305–$1,595
1BR$1,600−8.0%$1,440–$1,760
2BR$1,750−9.8%$1,575–$1,925
3BR$2,160−8.9%$1,944–$2,376
4BR$2,340−9.7%$2,106–$2,574

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 86005
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,450$1,600$1,750$2,160$2,340
FY 2026$1,610$1,740$1,940$2,370$2,590
FY 2025$1,570$1,720$1,950$2,390$2,680
FY 2024$1,450$1,530$1,860$2,250$2,630
FY 2023$1,230$1,310$1,620$1,980$2,390

Two-bedroom rent in nearby Coconino County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 86005
86001$1,950+11.4%
86002$1,730−1.1%
86003$1,820+4.0%
86004$1,860+6.3%
86005Current$1,750—
86011$1,950+11.4%
86015$1,920+9.7%
86016$1,730−1.1%
86017$1,730−1.1%
86018$1,880+7.4%
86020$1,730−1.1%
86022$1,730−1.1%

Questions about ZIP 86005 rents

How much will Section 8 pay for a two-bedroom in ZIP 86005?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,729, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,556 to $1,902 a month; under the ZIP-level Small Area FMR of $1,750 it would be $1,575 to $1,925. 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 86005 in?

ZIP 86005 is in the Flagstaff, AZ MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,729.

How much did fair market rent change in ZIP 86005 for FY 2027?

The two-bedroom FMR fell 9.8%, from $1,940 in FY 2026 to $1,750 in FY 2027. Since FY 2023 it has risen 8.0%.

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