Location: Lawrence County, AR | Metro: Lawrence County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 72445 in fiscal year 2026 is set at $940. This figure represents the payment standard for Section 8 rentals in this area, which means the government will pay up to this amount per month toward the rent of eligible tenants. It's important to note that this is not your final rent; it's the maximum subsidy you can receive.
While the local median rent for ZIP 72445 is listed as N/A, the FMR serves as a benchmark for determining the rent that can be charged under the Section 8 program. Landlords can charge slightly above the FMR, but the tenant must cover the difference out-of-pocket, ensuring the total rent does not exceed 40% of their income.
The renter share in this ZIP code is 13.8%, indicating a moderate demand for rental properties. This percentage shows the proportion of residents who rent their homes, suggesting that there are enough potential tenants interested in affordable housing options to fill your property.
Regarding acquisition costs, the average home price in ZIP 72445 is also listed as N/A. However, this doesn't mean there isn't a market. You should research the typical range of home values in the area to understand what kind of investment you're making.
Before proceeding with your first Section 8 rental in ZIP 72445, verify that your property meets all local housing quality standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary, and failing to meet them could result in reduced subsidies or even termination of the contract.
In summary, with an FMR of $940, you have a solid basis for setting your rent within the guidelines of the Section 8 program. The 13.8% renter share indicates a reasonable level of demand, and understanding the local real estate market will help you make informed decisions about acquiring your rental property.
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.