Section 8 Fair Market Rent (FMR) for ZIP 72441 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

12.0% of residents in ZIP code 72441 are renters, indicating a modest demand for rental properties in this area. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, which represents the maximum amount Section 8 participants can pay for housing. This figure is crucial for landlords and small-portfolio investors considering the program. Despite the low percentage of renters, the $880 FMR provides a stable income source for those willing to participate in Section 8. The data does not provide specific market rents or median home values, suggesting that the rental market may not be as robust as other areas. Similarly, there is no median income data available, which could otherwise indicate the financial health of potential tenants. The lack of days on market (DOM) and price-cut share percentages implies that there isn't enough recent transaction data to assess the speed of property sales or the frequency of price reductions in this area. For investors looking to enter the Section 8 market, the $880 FMR offers a predictable and government-backed income stream, though the limited additional data means they must rely on this figure and the 12.0% renter share to make informed decisions. In conclusion, while the rental market in ZIP 72441 is not booming, the Section 8 program presents a reliable opportunity for landlords with properties priced appropriately at $880 or below.

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.