Section 8 Fair Market Rent (FMR) for ZIP 72415 - 2027

Location: Lawrence County, AR | Metro: Lawrence County, AR

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$690
2 Bedrooms	$910
3 Bedrooms	$1,170
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

1,376

Median Household Income

$53,750

Housing Units

571

Renter Percentage

29.5%

Occupancy Rate

88.4%

Renter Occupied

149

The ZIP code 72415, located in Black Rock, Arkansas, represents a unique blend of affordability and stability in the housing market. Here are key points to consider for landlords and small-portfolio investors:

Fair Market Rent (FMR): For a two-bedroom unit, the FMR stands at $850 as of fiscal year 2026.
Market Rent: According to Census ACS data, the average market rent for properties in ZIP 72415 is $627.
Renter Share: 29.5% of residents are renters, indicating a moderate demand for rental properties.
Median Income: The median household income in ZIP 72415 is $53,750, providing insight into the financial capabilities of potential tenants.
Housing Appreciation Rate: The area has seen a significant appreciation rate of 15.59% over the past year, which is higher than the national average of 8.27%.
Days on Market (DOM): Data on DOM is not available, but stable rent trends suggest consistent occupancy rates.

In summary, ZIP 72415 offers a stable rental market with a strong potential for property appreciation. Landlords can expect steady demand from renters, who should be able to afford the FMRs given the median income level. However, the lack of DOM data means there is limited information on how quickly properties are leased, which could affect cash flow expectations.

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.