Section 8 Fair Market Rent (FMR) for ZIP 72360 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$690
2 Bedrooms	$910
3 Bedrooms	$1,260
4 Bedrooms	$1,520
5 Bedrooms	$1,763
6 Bedrooms	$1,975
7 Bedrooms	$2,133
8 Bedrooms	$2,240

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,048

Median Household Income

$22,574

Housing Units

2,665

Renter Percentage

49.7%

Occupancy Rate

71.0%

Renter Occupied

940

The ZIP code 72360, located in the heart of rural Arkansas, offers a unique opportunity for real-estate investors looking to capitalize on the local housing market. This area is characterized by its modest economic profile and a significant portion of residents who prefer renting over owning.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890, indicating the government's benchmark for rental pricing in the region.
According to the Census American Community Survey (ACS), the current market rent stands at $660, which is below the FMR and suggests potential for rental price increases.
The median home value in ZIP 72360 is $96,756, making it accessible for both first-time buyers and investors looking to purchase properties at a lower cost.
Renters make up 49.7% of the population, nearly half, highlighting a strong demand for rental properties.
The median income for residents is $22,574, which is relatively low and could impact the ability of renters to afford higher rents, though it also means that rental prices are likely to remain stable.

In summary, ZIP 72360 presents a balanced market with a slight edge towards rentals. The discrepancy between the actual market rent and the FMR provides a window for increasing rental rates, but the median income level should be carefully considered to avoid pricing out tenants. Given the median home values, purchasing properties in this area can be financially feasible for investors, especially those interested in long-term, steady returns rather than high-risk, high-reward investments.

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.