Section 8 Fair Market Rent (FMR) for ZIP 72501 - 2027

Location: Izard County, AR | Metro: Independence County, AR

Investment Score for ZIP 72501

N/A

Monthly Rent (2BR)

$940

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$670
1 Bedroom	$750
2 Bedrooms	$940
3 Bedrooms	$1,230
4 Bedrooms	$1,330
5 Bedrooms	$1,543
6 Bedrooms	$1,728
7 Bedrooms	$1,866
8 Bedrooms	$1,959

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,230	$200,465	0.61%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

26,218

Median Household Income

$52,829

Housing Units

11,250

Renter Percentage

34.9%

Occupancy Rate

87.2%

Renter Occupied

3,427

The town of Washingtonville, located in ZIP code 72501, is situated in a rural setting within Arkansas. Known for its peaceful environment and close-knit community, it offers a unique opportunity for real estate investors interested in the rental market, particularly those familiar with Section 8 Housing Choice Voucher Program dynamics.

The Fair Market Rent (FMR) for ZIP 72501 is set at $900 for the fiscal year 2026, indicating the maximum amount that a voucher holder can pay towards rent under the program.
The market rent, as measured by Zillow's ZORI index, stands at $899, suggesting a strong alignment between the local rental market and the FMR rates.
The median home value in the area is $175,282, which is relatively low compared to urban centers, making property acquisition cost-effective.
Renters make up 34.9% of the population, showing a significant portion of the community relies on rental housing, including potential Section 8 participants.
The median income for residents is $52,829, providing insight into the economic profile of the area and the affordability of housing options.

Investors in Washingtonville, ZIP 72501, will find that the rental market closely aligns with the Fair Market Rent for Section 8 vouchers, creating a stable and predictable investment climate. The median home value suggests that property acquisition costs are manageable, while the substantial renter share indicates a steady demand for affordable housing. With a median income that supports both rental affordability and potential for modest appreciation, this area presents a viable option for those looking to enter the Section 8 housing market without the volatility often associated with larger urban areas.

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.