FY2027 Small Area FMR · Mormon Lake, AZ

ZIP 86038 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 86038 (Mormon Lake, AZ) is $1,770 a month, down 9.7% from FY2026. That is 2% above the Flagstaff, AZ area-wide FMR of $1,729.

2-bedroom SAFMR$1,770per month ▼ 9.7%

Area-wide 2 BR FMR$1,729Flagstaff, AZ

Rank in the area8thof 34 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,593

2 BR Small Area FMR$1,770

110% of SAFMR$1,947

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,440▼ 6.5%

1 BR$1,560▼ 7.1%

2 BR$1,770▼ 9.7%

3 BR$2,180▼ 8.8%

4 BR$2,500▼ 9.7%

FY2027 FY2026

Where 86038 sits in the Flagstaff, AZ area

Of the 34 ZIP codes HUD lists for the area, 86038 has the 8th highest two-bedroom Small Area FMR. Flagstaff, AZ is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,729 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,770 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,440	$1,296 – $1,584	$1,438	$1,540
1 bedroom	$1,560	$1,404 – $1,716	$1,555	$1,680
2 bedrooms	$1,770	$1,593 – $1,947	$1,729	$1,960
3 bedrooms	$2,180	$1,962 – $2,398	$2,109	$2,390
4 bedrooms	$2,500	$2,250 – $2,750	$2,312	$2,770

A household renting a two-bedroom home at the Small Area FMR of $1,770 needs about $70,800 a year to keep housing costs at 30% of income. The area median family income is $106,000 and the 80% low-income limit for four people is $89,600. ZIP code 86038 lies mainly in Coconino County. See the Flagstaff, AZ county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
86017	Munds Park	12.9 mi	$1,730
86005	Flagstaff	18.3 mi	$1,750
86003	Flagstaff	18.3 mi	$1,820
86011	Flagstaff	18.6 mi	$1,950
86024	Happy Jack	22.8 mi	$1,900
86001	Flagstaff	24.0 mi	$1,950

Questions

What is the Fair Market Rent for ZIP code 86038?

HUD's FY2027 Small Area Fair Market Rents for 86038 are $1,440 (studio), $1,560 (1 BR), $1,770 (2 BR), $2,180 (3 BR) and $2,500 (4 BR) a month.

What is the Section 8 payment standard in 86038?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 86038 that range is $1,593 to $1,947 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 86038?

The FY2026 income limits of the Flagstaff, AZ area apply: median family income $106,000, low-income (80%) limit $89,600 for a family of four.