Location: Woodruff County, AR | Metro: Monroe County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,080 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) of $880 for ZIP 72021 (metro FY 2026) will indeed cover the mortgage on a $79,927 home. With an average interest rate of 4%, a monthly mortgage payment would be approximately $380. This leaves a significant margin of $500 to cover other expenses such as maintenance, insurance, and taxes.
Regarding renter demand, the 41.2% rental rate suggests a moderate level of interest in renting properties. While this percentage is lower than in some urban areas, it still represents a viable market. There are 206 families in the $50,000 to $74,999 income range, indicating a stable middle-class demographic that can support rental demand.
The question of whether vouchers will keep pace with the $613 market rent is more complex. The federal government adjusts voucher amounts annually based on local market conditions. However, the exact amount for ZIP 72021 is not specified in the data. It's prudent to monitor local HUD updates to ensure that voucher allocations remain competitive with market rents.
To summarize, while there are valid concerns about the financial viability of investing in ZIP 72021, the data supports the feasibility of covering mortgage payments with FMR and indicates a reasonable level of renter demand. Voucher adequacy remains uncertain but should be monitored closely.
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.