Skip to main content
Loading page
Coconino County/Bellemont/86015

86015

ZIPSAFMR
Coconino County, AZ
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$1,600$1,600
1 BR$1,760$1,760
2 BR$1,920$1,920
3 BR$2,380$2,380
4 BR$2,570$2,570
5 BR$2,955Not available
6 BR$3,399Not available
7 BR$3,909Not available
8 BR$4,495Not available

Purchase Price Calculator

Maximum purchase price
$223,395

Cost breakdown

+Likely effective rent$1,920
HUD FMRUsed$1,920
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,130
Loan amount$178,716
Down payment$44,679
Rate6.50%
Term30 years
-Operating costs-$590
Property taxes-$223
Insurance-$175
Utilities$0
HOA$0
Management-$192
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,780(68.9% ROI)
Projected value
$240,572
Return breakdown
Property appreciation+$17,177
Loan principal paid down+$6,403
Rental cash flow+$7,200
5-year hold
+$52,774(118.1% ROI)
Projected value
$252,751
Return breakdown
Property appreciation+$29,356
Loan principal paid down+$11,418
Rental cash flow+$12,000
10-year hold
+$113,777(254.7% ROI)
Projected value
$285,964
Return breakdown
Property appreciation+$62,569
Loan principal paid down+$27,207
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

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
--

ZIP 86015 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 86015 (Bellemont, AZ) is $1,920 a month. That is down 9.9% from $2,130 in FY 2026. Bellemont 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, 86015 has the 3rd-highest two-bedroom rent (county range $1,730–$1,950). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 86015 is 54% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 86015
BedroomsFY 2027Change90–110% range
Studio$1,600−9.6%$1,440–$1,760
1BR$1,760−7.9%$1,584–$1,936
2BR$1,920−9.9%$1,728–$2,112
3BR$2,380−8.1%$2,142–$2,618
4BR$2,570−9.8%$2,313–$2,827

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 86015
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,600$1,760$1,920$2,380$2,570
FY 2026$1,770$1,910$2,130$2,590$2,850
FY 2025$1,760$1,920$2,180$2,670$3,000
FY 2024$1,590$1,680$2,040$2,480$2,890
FY 2023$1,400$1,490$1,840$2,250$2,720

Two-bedroom rent in nearby Coconino County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 86015
86003$1,820−5.2%
86004$1,860−3.1%
86005$1,750−8.9%
86011$1,950+1.6%
86015Current$1,920—
86016$1,730−9.9%
86017$1,730−9.9%
86018$1,880−2.1%
86020$1,730−9.9%
86022$1,730−9.9%
86023$1,730−9.9%
86024$1,900−1.0%

Questions about ZIP 86015 rents

How much will Section 8 pay for a two-bedroom in ZIP 86015?

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 $1,920 it would be $1,728 to $2,112. 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 86015 in?

ZIP 86015 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 86015 for FY 2027?

The two-bedroom FMR fell 9.9%, from $2,130 in FY 2026 to $1,920 in FY 2027. Since FY 2023 it has risen 4.3%.

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