Section 8 Fair Market Rent (FMR) for ZIP 72532 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$700
2 Bedrooms	$910
3 Bedrooms	$1,260
4 Bedrooms	$1,490
5 Bedrooms	$1,728
6 Bedrooms	$1,935
7 Bedrooms	$2,090
8 Bedrooms	$2,195

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,618

Median Household Income

$38,750

Housing Units

762

Renter Percentage

8.3%

Occupancy Rate

71.0%

Renter Occupied

The ZIP code 72532, located in the heart of rural Arkansas, offers a stable yet modest real estate market that is particularly attractive to small-portfolio investors and landlords seeking a low-risk investment environment. The area is characterized by its affordability and relatively low competition, making it an ideal location for those looking to generate steady rental income.

The Fair Market Rent (FMR) for ZIP 72532 is set at $880 for the fiscal year 2026, providing a benchmark for rental pricing that landlords should aim to meet or slightly exceed.
The actual market rent, as reported by the Census American Community Survey (ACS), stands at $829. This figure is slightly below the FMR, indicating a potential opportunity to increase rental rates without deterring tenants.
The median home value is not available for this specific ZIP code, which is common in rural areas where home ownership is less prevalent.
Renters make up 8.3% of the population in ZIP 72532, suggesting a smaller but still significant rental market compared to other areas with higher percentages of renters.
The Days on Market (DOM) for properties is not available, which could imply that transactions are less frequent, possibly due to the rural nature of the area and the limited number of homes for sale.
The median household income in ZIP 72532 is $38,750, indicating a market where affordable housing options are in high demand.

In summary, ZIP 72532 presents a niche market with a strong emphasis on affordability and stability. Landlords can leverage the gap between the FMR and the current market rent to potentially increase their income, while the lower median income suggests a need for competitively priced rental units. Despite the modest size of the rental market, the low competition and stable demand offer a reliable investment opportunity for those willing to cater to the needs of the local tenant base.

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.