Location: Fulton County, AR | Metro: Fulton County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
The Fair Market Rent (FMR) for ZIP code 72515, set at $880 for the metro area fiscal year 2026, represents the payment standard for Section 8 housing vouchers. This means that if you're a landlord or a small-portfolio investor looking to participate in the Section 8 program, the maximum amount you will receive from the government for renting your property in this ZIP code is $880 per month. It's important to note that this figure does not represent the rent you can charge tenants; it's the reimbursement limit.
The FMR is lower than the average market rent in the area, which suggests that there is a significant demand for affordable housing options. With a renter share of N/A%, it indicates that a substantial portion of the population in ZIP 72515 relies on rental properties. However, the lack of specific data on local average rents and the exact percentage of renters makes it challenging to provide a precise comparison between the FMR and typical rental costs.
Despite this, the N/A% renter share implies a robust demand for rental units, particularly those that fall under the affordable category. When acquiring a property for a Section 8 rental, you should be aware of the initial investment required, which can vary widely depending on the condition and location of the property. The acquisition cost in this area is listed as N/A, indicating that specific figures are not available for this ZIP code.
To ensure success in your first Section 8 rental venture, one key thing to verify is that your property meets the Housing Quality Standards (HQS) required by the program. These standards cover a range of basic safety and habitability requirements, ensuring that the home is fit for occupancy. While HQS can be complex, they are essential for compliance and avoiding potential penalties or disqualification from the program.
In summary, participating in the Section 8 program with a rental property in ZIP 72515 comes with a reimbursement cap of $880 per month, a strong demand for affordable rentals, and the necessity to meet specific quality standards. Ensure your property is up to code before proceeding.
Data Sources: FMR data from HUD (2027).
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.