Section 8 Fair Market Rent (FMR) for ZIP 72359 - 2027

Location: St. Francis County, AR | Metro: St. Francis County, AR

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$680
1 Bedroom	$730
2 Bedrooms	$960
3 Bedrooms	$1,170
4 Bedrooms	$1,300
5 Bedrooms	$1,508
6 Bedrooms	$1,689
7 Bedrooms	$1,824
8 Bedrooms	$1,915

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

154

Median Household Income

$23,802

Housing Units

145

Renter Percentage

31.8%

Occupancy Rate

58.6%

Renter Occupied

ZIP code 72359, located in Madison, Arkansas, is characterized by a modest population and a significant rental market. The area's real estate landscape reflects historical construction trends, with the majority of homes built in the 1960s.

The Fair Market Rent (FMR) for ZIP code 72359 is set at $940 for a metro area fiscal year 2026, according to HUD data.
The average market rent, based on Census ACS data, stands at $281.
The median home value in ZIP code 72359 is notably low at $56,500, indicating a potentially undervalued housing market.
Renters constitute a substantial portion of the local housing market, representing 31.8% of the total occupancy.
The median income for the area is $23,802, suggesting that tenants may have limited financial resources.

For landlords and small-portfolio investors, ZIP code 72359 presents a niche opportunity. The disparity between the Fair Market Rent and the actual market rent indicates potential for increasing rental income, albeit with caution due to the lower median income levels. The high percentage of renters suggests strong demand for rental properties. However, the low median home value may also imply challenges in attracting higher-paying tenants. Overall, the area offers a stable but modest investment environment.

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.