Location: Izard County, AR | Metro: Izard County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 72561, as determined by the U.S. Department of Housing and Urban Development (HUD) for the fiscal year 2026, is set at $930. This figure represents the payment standard for Section 8 housing vouchers in the metro area, meaning that voucher holders can be reimbursed up to $930 per month for rent and utilities combined. However, it's important to note that this does not mean you should set your rent at $930; rather, it's a guideline for reimbursement rates.
In contrast, the average rent in ZIP 72561 is reported to be $494, according to recent Census American Community Survey (ACS) data. This indicates that the HUD-set FMR is significantly higher than the typical rent in the area, which could potentially attract more tenants who are seeking affordable housing options.
The 10.7% share of renters in the area suggests a moderate demand for rental properties. While not overwhelming, this percentage indicates that there is a reasonable number of potential tenants who might be interested in your property, especially if you offer it through the Section 8 program. The fact that the acquisition cost is listed as N/A implies that there may not be specific data available on the cost of purchasing properties in this area, but generally, the lower average rent suggests that property acquisition costs might also be relatively low compared to other areas.
To ensure you make an informed decision, verify that your property meets all the necessary eligibility requirements for the Section 8 program. This includes confirming that your unit passes the inspection criteria and that your rental agreement complies with HUD regulations. Once these conditions are met, you can confidently proceed with offering your property under the Section 8 program, knowing that the reimbursement rate is set at a favorable $930 per month, which is notably above the local average rent of $494.
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.