Location: Randolph County, AR | Metro: Randolph County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 72478 in fiscal year 2026 is set at $910. This figure represents the payment standard for Section 8 vouchers, which is the amount the government will pay toward your tenant's rent. It does not represent the total rent you can charge; it is the maximum subsidy the government will provide.
In ZIP 72478, the local market rent is currently listed as N/A, indicating that there isn't enough data to determine a precise average rent. However, the FMR gives you a benchmark for what might be reasonable to charge as a subsidized rent.
The 10.5% renter share means that tenants participating in the Section 8 program will pay 10.5% of their adjusted income towards rent. This ensures a steady stream of income for you, as the government covers the difference between the tenant's contribution and the FMR of $910.
Regarding property acquisition costs, the data shows N/A, suggesting that there may not be comprehensive information available on typical purchase prices in this area. However, the FMR can still guide your investment decisions by helping you understand the potential rental income you can expect from a Section 8 property.
Before proceeding with your first Section 8 rental in ZIP 72478, ensure that the property meets all Housing Quality Standards (HQS) required by the Department of Housing and Urban Development (HUD). These standards are essential for securing a lease and receiving timely payments.
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.