Section 8 Fair Market Rent (FMR) for ZIP 72046 - 2027

Location: Jefferson County, AR | Metro: Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area

Investment Score for ZIP 72046

N/A

Monthly Rent (2BR)

$1,040

Median Price (2BR)

$N/A

1% Rule

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	$890
1 Bedroom	$900
2 Bedrooms	$1,040
3 Bedrooms	$1,390
4 Bedrooms	$1,640
5 Bedrooms	$1,902
6 Bedrooms	$2,130
7 Bedrooms	$2,300
8 Bedrooms	$2,415

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
3BR	$1,390	$166,586	0.83%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,876

Median Household Income

$56,685

Housing Units

1,912

Renter Percentage

30.0%

Occupancy Rate

89.1%

Renter Occupied

511

The ZIP code 72046, located in the heart of rural Arkansas, offers a unique investment opportunity for landlords and small-portfolio investors looking to capitalize on the local real estate market. This area is characterized by its blend of suburban and rural living, providing a stable environment for rental properties.

The Fair Market Rent (FMR) for ZIP 72046 in fiscal year 2024 is set at $880, indicating the maximum amount that a tenant receiving Section 8 assistance can pay for rent.
The average market rent for the area, according to the Census ACS, stands at $753, suggesting a competitive pricing environment where Section 8 tenants can cover the costs of renting.
The median home value in ZIP 72046 is $142,460, which is relatively low compared to urban areas, making it easier for investors to acquire properties without significant capital outlay.
Renters make up 30.0% of the population, showing a moderate demand for rental housing.
The median income for residents is $56,685, which aligns well with the rental rates and suggests a steady income stream for landlords.

In summary, ZIP 72046 presents a balanced real estate market for Section 8 investments. The FMR exceeds the average market rent, ensuring that rental properties can be rented out to Section 8 tenants at a profitable rate. With a median home value of $142,460, there's potential for acquiring properties at reasonable prices. The moderate renter share and median income levels support a healthy demand for affordable rentals, making this area attractive for those seeking stable returns on their investment properties.

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.