FY2022 Fair Market Rents — Prescott, AZ MSA
The HUD-published Fair Market Rents for FY2022 in this area are:
Studio
$733
1BR
$894
2BR
$1,103
3BR
$1,537
4BR
$1,724
Hours/week at min wage
58 hrs
to afford the 2BR FMR @ $14.70/hr (AZ)
National rank
#183
of 646 U.S. metros (top 29% most expensive)
YoY change (2BR)
+4.9%
+$52 vs FY2021 · 5-yr +22.4%
Voucher payment standard
$993–$1,213
PHAs set HCV payment at 90–110% of the 2BR FMR
Prescott, AZ MSA
Metropolitan area · AZ · View full history · Income limits · LIHTC rents
FY2022 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $733 | $8,796 |
| 1-Bedroom | $894 | $10,728 |
| 2-Bedroom | $1,103 | $13,236 |
| 3-Bedroom | $1,537 | $18,444 |
| 4-Bedroom | $1,724 | $20,688 |
Recent 2-Bedroom FMR Trend
FY2017 $901 → FY2022 $1,103
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2022 | $733 | $894 | $1,103 | $1,537 | $1,724 |
| FY2021 | $698 | $822 | $1,051 | $1,458 | $1,583 |
| FY2020 | $714 | $781 | $1,026 | $1,438 | $1,501 |
| FY2019 | $717 | $724 | $958 | $1,358 | $1,381 |
| FY2018 | $665 | $670 | $891 | $1,271 | $1,275 |
| FY2017 | $683 | $688 | $901 | $1,312 | $1,370 |
View full FMR history back to FY2000 →
FY2022 Income Limits
Area Median Income (AMI): $76,200
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $15,000 | $18,310 | $23,030 | $27,750 | $32,470 | $37,190 |
| 50% AMI (Very Low) | $25,000 | $28,550 | $32,100 | $35,650 | $38,550 | $41,400 |
| 80% AMI (Low) | $39,950 | $45,650 | $51,350 | $57,050 | $61,650 | $66,200 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$13,236/yr
FMR as % of Area Median Income
17.4% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$44,120/yr
$3,677/mo gross income
FY2022 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $666 | $762 | $857 | $1,028 | $1,104 |
| 60% AMI Maximum | $800 | $914 | $1,028 | $1,234 | $1,325 |
FY2022 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $733 | $894 | $1,103 | $1,238 | $1,238 |
| Low HOME Rent | $625 | $713 | $802 | $891 | $963 |
Compare Prescott, AZ MSA With Other AZ Metros
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