Section 8 Fair Market Rent (FMR) for ZIP 72358 - 2027

Location: Mississippi County, AR | Metro: Mississippi County, AR

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$630
1 Bedroom	$690
2 Bedrooms	$910
3 Bedrooms	$1,170
4 Bedrooms	$1,260
5 Bedrooms	$1,462
6 Bedrooms	$1,637
7 Bedrooms	$1,768
8 Bedrooms	$1,856

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,338

Median Household Income

$32,841

Housing Units

528

Renter Percentage

42.0%

Occupancy Rate

71.2%

Renter Occupied

158

Luxora, located in ZIP code 72358, Arkansas, is a small rural community where the real estate market reflects the economic conditions typical of such areas. The following analysis provides key metrics that can guide investment decisions.

The HUD Fair Market Rent (FMR) for the Mississippi County, AR area, which includes ZIP 72358, is set at $880 for the fiscal year 2026.
The market rent for ZIP 72358, based on Census ACS data, stands at $778.
The median home value in the area is $40,400, according to recent statistics.
Rental properties dominate the market, with a 42.0% share of households being renters.
The median income for residents in ZIP 72358 is $32,841.

The combination of low median home values and a significant rental market suggests that Luxora's real estate market is primarily driven by affordability and necessity. Landlords and small-portfolio investors should consider the area's reliance on rental housing and the potential for steady demand despite lower rents and income levels. The gap between the HUD FMR and the actual market rent indicates a possible opportunity for modestly increasing rental prices without deterring tenants.

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.