Section 8 Fair Market Rent (FMR) for ZIP 72562 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$650
1 Bedroom$720
2 Bedrooms$910
3 Bedrooms$1,190
4 Bedrooms$1,190
5 Bedrooms$1,380
6 Bedrooms$1,546
7 Bedrooms$1,670
8 Bedrooms$1,754

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
2,913
Median Household Income
$55,156
Housing Units
1,175
Renter Percentage
36.6%
Occupancy Rate
88.3%
Renter Occupied
380

ZIP 72562, located in Independence County, AR, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The median family income for this area is $55,156, which aligns well with the affordability of Section 8 rental units. The median sales price in the 72562 zip code is $155,537, indicating a relatively stable and modest housing market.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, while the current market rent stands at $597. This creates a positive spread of $283 between the FMR and market rent, ensuring that landlords can achieve a higher rental income compared to the local market rate. With a median home value of $145,297, the property values in ZIP 72562 are also reasonable, providing a solid foundation for long-term investment.

ZIP 72562 does not present significant opportunities for appreciation or short-term gains, given the lack of substantial growth in home values. However, the stable income generated from Section 8 tenants can serve as a reliable cash flow generator, anchoring a portfolio against market volatility. The 36.6% renter share indicates a moderate demand for rental properties, making it feasible for landlords to find tenants without excessive vacancy periods.

In summary, ZIP 72562 is ideal as a cash-flow anchor due to the favorable spread between FMR and market rent, along with reasonable property values and a steady demand for rental units. Landlords and small-portfolio investors should consider this area for its potential to provide consistent and predictable returns.

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.