Section 8 Fair Market Rent (FMR) for ZIP 72368 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$690
1 Bedroom$740
2 Bedrooms$970
3 Bedrooms$1,330
4 Bedrooms$1,600
5 Bedrooms$1,856
6 Bedrooms$2,079
7 Bedrooms$2,245
8 Bedrooms$2,357

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,212
Median Household Income
$66,719
Housing Units
646
Renter Percentage
22.2%
Occupancy Rate
78.9%
Renter Occupied
113

The market analysis for Section 8 investors in ZIP code 72368, located in St. Francis County, AR, reveals a favorable rental environment for both landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $890 for the fiscal year 2026, which is notably higher than the Census ACS reported market rent of $843. This indicates that voucher tenants will typically cashflow at the FMR, providing a positive financial outlook for property owners.

To further understand the investment potential, consider the median home value of $122,863. Using this figure, we can calculate the rent-to-price ratio, which stands at approximately 0.72%. This ratio suggests that the rental income generated from properties in this area is relatively high compared to the cost of purchasing a home, making it an attractive option for investors looking to maximize returns through rental income.

While the data does not provide specific figures for the median days on market (DOM) or the percentage of homes that have had their prices cut, these metrics would be crucial in assessing the rent-versus-buy dynamics. However, given the positive cashflow potential and the favorable rent-to-price ratio, it is evident that the primary strength for investors in ZIP 72368 lies in the robust cashflow opportunities. This makes cashflow the strongest investor angle in this market, ensuring steady and reliable returns on 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.