FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR
0.81ratio
FMR$1,240
Market$1,540
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR
0.88ratio
FMR$1,550
Market$1,770
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR
0.89ratio
FMR$2,150
Market$2,410
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR
0.81ratio
FMR$2,260
Market$2,800
vs market-$540
FMR is below market; voucher rent may lag private rents.
0.81
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
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ZIP 86302 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 86302 (Prescott, AZ) is $1,550 a month. That is down 5.5% from $1,640 in FY 2026. Prescott is in the Prescott Valley-Prescott, 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 $1,550. Among 33 ZIP codes in Yavapai County, 86302 is tied for the 12th-highest two-bedroom rent (county range $1,480–$2,330). The median county two-bedroom FMR in Arizona is $1,244, so ZIP 86302 is 25% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 86302
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,130
$1,080
−4.4%
$972–$1,188
1BR
$1,310
$1,240
−5.3%
$1,116–$1,364
2BR
$1,640
$1,550
−5.5%
$1,395–$1,705
3BR
$2,280
$2,150
−5.7%
$1,935–$2,365
4BR
$2,500
$2,260
−9.6%
$2,034–$2,486
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 86302
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,080
$1,240
$1,550
$2,150
$2,260
FY 2026
$1,130
$1,310
$1,640
$2,280
$2,500
FY 2025
$1,100
$1,300
$1,610
$2,220
$2,550
FY 2024
$950
$1,140
$1,400
$1,940
$2,270
FY 2023
$860
$1,040
$1,280
$1,770
$2,040
Two-bedroom rent in nearby Yavapai County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 86302?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,550, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,395 to $1,705 a month; under the ZIP-level Small Area FMR of $1,550 it would be $1,395 to $1,705. 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 86302 in?
ZIP 86302 is in the Prescott Valley-Prescott, AZ MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,550.
How much did fair market rent change in ZIP 86302 for FY 2027?
The two-bedroom FMR fell 5.5%, from $1,640 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 21.1%.
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