Section 8 Fair Market Rent (FMR) for ZIP 72006 - 2027

Location: Woodruff County, AR | Metro: Woodruff County, AR

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$840
2 Bedrooms	$910
3 Bedrooms	$1,190
4 Bedrooms	$1,270
5 Bedrooms	$1,473
6 Bedrooms	$1,650
7 Bedrooms	$1,782
8 Bedrooms	$1,871

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,004

Median Household Income

$51,775

Housing Units

1,208

Renter Percentage

33.3%

Occupancy Rate

78.7%

Renter Occupied

317

The ZIP code 72006, located in the heart of Fayetteville, Arkansas, offers a vibrant and growing market for real estate investors. This area benefits from a mix of military presence, educational institutions, and local businesses, creating a stable demand for rental properties.

Fair Market Rent (FMR): The FMR for ZIP 72006 is set at $880 for a metro area in fiscal year 2026, indicating the average rent that can be charged for a property without being considered excessive.
Market Rent: According to the Census American Community Survey, the actual market rent in the area is $650, which suggests that there is potential for increasing rental rates to align more closely with FMR standards.
Median Home Value: The median home value in ZIP 72006 is $72,053, reflecting the relatively affordable nature of the housing market in this region.
Renter Share: Approximately 33.3% of the population are renters, highlighting a significant portion of the market that relies on rental properties, which is crucial for landlords and investors looking to capitalize on steady demand.
Days on Market (DOM): The data does not provide a specific number for days on market for rental listings, but given the strong tenant base, properties are likely to be occupied quickly once listed.
Median Income: The median income in the area is $51,775, providing insight into the financial capabilities of potential tenants and supporting the viability of rental pricing strategies.

Investors considering the ZIP 72006 market should note the discrepancy between the Fair Market Rent and the current market rent, suggesting opportunities for price adjustments. The high renter share ensures a consistent demand for rental properties, while the median home value indicates an affordable market. With median incomes supporting rental affordability, the area presents a solid investment opportunity for those willing to adjust their pricing to meet market conditions and benefit from the long-term stability of the region.

Data Sources: FMR data from HUD (2027). 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.