Location: Poinsett County, AR | Metro: Poinsett County, AR HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $183,943 | 0.71% | D |
U.S. Census Bureau data (2024)
The ZIP code 72432, located in Arkansas, presents an interesting scenario for both renters and landlords. The median household income here stands at $55,827, which places significant constraints on rental affordability. At the current market rate of $723 per month, as reported by the Census Bureau's American Community Survey (ACS), many renters find it challenging to secure housing without financial strain. This market rate represents nearly 16% of the median annual income, which is a considerable portion of a household's budget.
Comparatively, the Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) for this ZIP code is $850 per month for the fiscal year 2024. This higher figure suggests that the voucher program aims to cover a larger share of the actual cost of renting in the area. However, it also highlights a significant affordability gap between the HUD's FMR and the actual median income of the residents.
In ZIP 72432, where 26.5% of the 6,283 population are renters, the competition among landlords is likely to be fierce. Landlords who accept Section 8 vouchers will have a competitive edge over those who do not, given the financial limitations of many households. The voucher payment standard of $850 provides a more stable and predictable income stream compared to relying solely on market-rate rents.
For landlords considering their strategy, the key takeaway is clear: accepting Section 8 vouchers can offer a more reliable source of income and help attract tenants who might otherwise struggle to pay market rates. While the voucher amount is higher than the market rate, it aligns better with the financial realities faced by many renters in the area, making it a strategic choice in a market where affordability is a critical issue.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.