FMR is below market; voucher rent may lag private rents.
0.52
1 BR
1 BR
0.56ratio
FMR$1,240
Market$2,200
vs market-$960
FMR is below market; voucher rent may lag private rents.
0.56
2 BR
2 BR
0.46ratio
FMR$1,550
Market$3,380
vs market-$1,830
FMR is below market; voucher rent may lag private rents.
0.46
3 BR
3 BR
0.70ratio
FMR$2,150
Market$3,070
vs market-$920
FMR is below market; voucher rent may lag private rents.
0.70
4 BR
4 BR
0.59ratio
FMR$2,260
Market$3,860
vs market-$1,600
FMR is below market; voucher rent may lag private rents.
0.59
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 86341 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 86341 (Sedona, AZ) is $1,550 a month. That is down 5.5% from $1,640 in FY 2026. Sedona 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, 86341 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 86341 is 25% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 86341
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 86341
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 2024area FMR
$951
$1,140
$1,403
$1,943
$2,273
FY 2023area FMR
$857
$1,042
$1,281
$1,769
$2,045
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Yavapai County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 86341?
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 86341 in?
ZIP 86341 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 86341 for FY 2027?
The two-bedroom FMR fell 5.5%, from $1,640 in FY 2026 to $1,550 in FY 2027. Since FY 2025 it has fallen 3.7%.
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