Section 8 Fair Market Rent (FMR) for ZIP 72170 - 2027
Location: Prairie County, AR | Metro: Prairie County, AR
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $680 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$63,438
To determine if a landlord should invest in ZIP code 72170 for Section 8 properties, follow this decision tree based on the provided data:
- 1) Does the Fair Market Rent (FMR) of $930 cover the debt service on a property?
- If the landlord's debt service per month is less than $930, then the answer is Yes. The FMR can support the mortgage payments.
- If the landlord's debt service per month exceeds $930, then the answer is No. The FMR will not be sufficient to cover the monthly mortgage payments.
- 2) How does the market rent compare to the FMR?
- If the market rent is above $930, landlords may want to consider other options since they could potentially receive higher rents from non-Section 8 tenants.
- If the market rent is around $930 or slightly below, then the answer is It Depends. Landlords would need to weigh the stability of Section 8 against the possibility of renting to non-Section 8 tenants who might pay more.
- 3) Is there enough demand with 10.8% of renters and N/A days on the market (DOM)?
- If the days on the market (DOM) for rental properties in ZIP 72170 are low, indicating quick turnover, then the answer is Yes. There is sufficient demand to fill Section 8 units quickly.
- If the DOM is high, suggesting slow turnover, then the answer is No. The demand may not be strong enough to justify investing in Section 8 properties.
- If the DOM is moderate, then the answer is It Depends. Landlords should consider additional factors such as the vacancy rate and the local economy before making a decision.
The analysis shows that the decision to invest in ZIP 72170 for Section 8 properties hinges on the landlord's financial situation and the local rental market conditions. With an FMR of $930, landlords must ensure their debt service costs align with this figure. Additionally, understanding the market rent and the speed at which properties are rented out will provide further clarity on whether investing in this area is viable.
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.