FY2027 Small Area FMR · Prescott, AZ

ZIP 86305 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 86305 (Prescott, AZ) is $1,480 a month, up 2.1% from FY2026. That is 5% below the Prescott Valley-Prescott, AZ area-wide FMR of $1,550.

2-bedroom SAFMR$1,480per month ▲ 2.1%

Area-wide 2 BR FMR$1,550Prescott Valley-Prescott, AZ

Rank in the area21stof 37 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,332

2 BR Small Area FMR$1,480

110% of SAFMR$1,628

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

Studio$1,020▲ 2.0%

1 BR$1,180▲ 0.9%

2 BR$1,480▲ 2.1%

3 BR$2,050▲ 2.5%

4 BR$2,250▼ 2.2%

FY2027 FY2026

Where 86305 sits in the Prescott Valley-Prescott, AZ area

Of the 37 ZIP codes HUD lists for the area, 86305 has the 21st highest two-bedroom Small Area FMR. Prescott Valley-Prescott, 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 $1,550 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,480 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	$1,020	$918 – $1,122	$1,079	$1,000
1 bedroom	$1,180	$1,062 – $1,298	$1,242	$1,170
2 bedrooms	$1,480	$1,332 – $1,628	$1,550	$1,450
3 bedrooms	$2,050	$1,845 – $2,255	$2,146	$2,000
4 bedrooms	$2,250	$2,025 – $2,475	$2,263	$2,300

A household renting a two-bedroom home at the Small Area FMR of $1,480 needs about $59,200 a year to keep housing costs at 30% of income. The area median family income is $92,200 and the 80% low-income limit for four people is $76,300. ZIP code 86305 lies mainly in Yavapai County. See the Prescott Valley-Prescott, AZ county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
86338	Skull Valley	21.7 mi	$1,480
86334	Paulden	21.8 mi	$1,480
86321	Bagdad	27.9 mi	$1,480
86323	Chino Valley	29.6 mi	$1,480
85360	Wikieup	32.3 mi	$1,230
86301	Prescott	33.7 mi	$1,800

Questions

What is the Fair Market Rent for ZIP code 86305?

HUD's FY2027 Small Area Fair Market Rents for 86305 are $1,020 (studio), $1,180 (1 BR), $1,480 (2 BR), $2,050 (3 BR) and $2,250 (4 BR) a month.

What is the Section 8 payment standard in 86305?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 86305 that range is $1,332 to $1,628 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 86305?

The FY2026 income limits of the Prescott Valley-Prescott, AZ area apply: median family income $92,200, low-income (80%) limit $76,300 for a family of four.