Section 8 Fair Market Rent (FMR) for ZIP 72030 - 2027

Location: Van Buren County, AR | Metro: Conway County, AR

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$640
1 Bedroom	$710
2 Bedrooms	$910
3 Bedrooms	$1,260
4 Bedrooms	$1,430
5 Bedrooms	$1,659
6 Bedrooms	$1,858
7 Bedrooms	$2,007
8 Bedrooms	$2,107

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

650

Median Household Income

$N/A

Housing Units

288

Renter Percentage

50.2%

Occupancy Rate

85.1%

Renter Occupied

123

The ZIP code 72030 presents an interesting scenario for both renters and landlords alike. Given the median income data is not available, we cannot directly assess whether households can afford the unspecified market rate. However, comparing the voucher payment standard of $880 to the market rate gives us insight into the affordability gap.

The Family Monthly Adjusted Income Limit (FMR) set at $880 for the fiscal year 2026 represents the government's benchmark for affordable housing in this area. This figure is crucial for understanding how much assistance low-income families receive through vouchers.

Affordability Gap: If the market rate exceeds $880, there is a significant affordability gap for those relying on vouchers. This means many renters will struggle to find housing that matches their budget without additional financial support.
Renters' Market Share: With 50.2% of the population renting, there is a substantial demand for rental properties. The total population of 650 suggests a relatively small community, which could mean fierce competition among landlords to secure tenants.

The takeaway for landlords considering voucher versus cash-pay strategies is clear. While voucher tenants provide a steady income stream guaranteed by the government, landlords should be aware that the $880 FMR may limit the pool of potential tenants. Cash-paying tenants might offer higher rents but come with the risk of non-payment and the need to screen for financial stability. Landlords must weigh these factors carefully, considering the local economic conditions and the balance between tenant security and rental yield.

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.