Section 8 Fair Market Rent (FMR) for ZIP 72031 - 2027

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

Investment Score for ZIP 72031

Monthly Rent (2BR)

$930

Median Price (2BR)

$159,319

1% Rule

0.58%

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$660
1 Bedroom	$740
2 Bedrooms	$930
3 Bedrooms	$1,280
4 Bedrooms	$1,310
5 Bedrooms	$1,520
6 Bedrooms	$1,702
7 Bedrooms	$1,838
8 Bedrooms	$1,930

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$930	$159,319	0.58%	F
3BR	$1,280	$198,835	0.64%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,607

Median Household Income

$54,428

Housing Units

3,763

Renter Percentage

26.5%

Occupancy Rate

77.5%

Renter Occupied

774

The Clinton, AR area, represented by ZIP code 72031, offers a stable environment for real estate investment. Nestled in the heart of Arkansas, this region provides a mix of residential opportunities that cater to both homeowners and renters.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890, indicating a steady demand for rental properties.
The actual market rent based on recent Census ACS data stands at $725, which is below the FMR, suggesting potential for increasing rental rates without alienating tenants.
The median home value in Clinton, AR is $175,375, reflecting a moderate cost of entry for those looking to invest in single-family homes.
Renters make up 26.5% of the housing market, showing a significant portion of the population prefers renting over owning, which is beneficial for landlords.
The median household income is $54,428, providing insight into the economic stability and spending power of local residents.
The number of days on market (DOM) is listed as N/A, which could mean there's either limited data available or that properties are selling quickly, often before comprehensive tracking can occur.

Given these data points, Clinton, AR presents a balanced market for real estate investors. With a substantial renter population and a median home value that is approachable, there is considerable opportunity to secure a property at a reasonable price and generate rental income that aligns with the area's FMR. The gap between the FMR and the current market rent suggests room for modest increases, enhancing profitability. However, the absence of DOM data might indicate a fast-moving market, where quick action is necessary to capitalize on investment opportunities. Overall, the combination of moderate property values and solid tenant demand makes Clinton, AR a viable option for landlords and small-portfolio investors seeking a stable and potentially lucrative market.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.