Section 8 Fair Market Rent (FMR) for ZIP 85139 - 2027

Location: Phoenix-Mesa-Chandler, AZ | Metro: Phoenix-Mesa-Chandler, AZ MSA

Investment Score for ZIP 85139

N/A

Monthly Rent (2BR)

$1,710

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,370
1 Bedroom	$1,470
2 Bedrooms	$1,710
3 Bedrooms	$2,260
4 Bedrooms	$2,500
5 Bedrooms	$2,900
6 Bedrooms	$3,248
7 Bedrooms	$3,508
8 Bedrooms	$3,683

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,260	$311,812	0.72%	D
4BR	$2,500	$346,346	0.72%	D
5BR	$2,900	$415,749	0.7%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

20,784

Median Household Income

$86,894

Housing Units

7,187

Renter Percentage

17.2%

Occupancy Rate

88.6%

Renter Occupied

1,093

The ZIP code 85139, located in Maricopa County, Arizona, is a suburban area that offers a mix of residential and commercial properties. It is characterized by its moderate-sized homes and proximity to Phoenix, making it attractive for both families and young professionals seeking affordable housing options.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 85139 for fiscal year 2024 is set at $1,950.
The Zillow Observed Rental Index (ZORI) indicates that the average market rent for a two-bedroom property is currently $1,622.
The median home value in this area stands at $340,085, reflecting a stable real estate market.
Renters make up 17.2% of the total population, showing a significant demand for rental properties.
The Days on Market (DOM) for rental listings is 48 days, indicating a competitive but not overly saturated rental market.
The median household income in ZIP 85139 is $86,894, providing insight into the financial capacity of potential tenants.

Investors looking to enter the rental market in ZIP 85139 can expect a steady demand for properties, with a slight premium available through the Fair Market Rent over the observed market rate. The median home value suggests that the area is relatively stable and offers good potential for appreciation. With a substantial renter share and a reasonable DOM, there is a balanced opportunity to find tenants quickly while maintaining competitive rents. The median income figure supports the likelihood of finding financially secure tenants capable of meeting the higher end of rental rates. Overall, ZIP 85139 presents a viable investment opportunity for those interested in the rental sector.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.