Section 8 Fair Market Rent (FMR) for ZIP 72080 - 2027
Location: Van Buren County, AR | Metro: Conway County, AR
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $700 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$27,583
To determine if you should buy in ZIP code 72080 for Section 8 purposes, follow this decision tree:
- 1) Does FMR $930 (metro FY 2026) cover debt service on a property?
- Yes: Proceed to the next question.
- No: Do not invest in this area for Section 8. The Fair Market Rent (FMR) of $930 is insufficient to meet the debt service requirements of properties in this ZIP code.
- 2) Is market rent above, at, or below FMR?
- Above FMR: This indicates that traditional market tenants might be more profitable than Section 8 tenants. Consider focusing on non-Section 8 investments unless there's a compelling reason to accept Section 8 vouchers.
- At FMR: The market rent matches the FMR, making Section 8 tenants viable. Continue to the next step.
- Below FMR: Section 8 can provide a stable income source. Move to the final question.
- 3) Are 3.9% renters and N/A-day Days on Market (DOM) sufficient demand?
- It depends: With only 3.9% of the population being renters, the overall demand for rental properties is low. However, the viability of Section 8 investment hinges on the number of days properties remain on the market before they are rented. If the DOM is low, indicating quick turnover, then the demand is strong enough to support Section 8 investments. Conversely, high DOM values suggest a less favorable market for these types of investments.
The key figure to remember is the FMR of $930, which must cover all costs including debt service for a property to be considered a sound Section 8 investment. Market conditions, specifically rent levels compared to FMR, and the percentage of renters combined with DOM, will further clarify the potential success of such an investment.
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.