Section 8 Fair Market Rent (FMR) for ZIP 72577 - 2027
Location: Sharp County, AR | Metro: Izard County, AR
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $650 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$55,959
A skeptical investor might raise several concerns about investing in ZIP code 72577, which is located in Sidney, Arkansas. Here are some common objections and the corresponding answers based on available data.
- Will Fair Market Rent (FMR) of $900 (metro FY 2026) cover the mortgage on a home?: The median home value in ZIP 72577 is $131,400. Assuming an average interest rate and a typical loan-to-value ratio, a mortgage payment on a home in this area could be around $600 per month. Therefore, the FMR of $900 should comfortably cover the mortgage, leaving room for maintenance and other expenses.
- Is there enough renter demand at 44.1%?: The renter occupancy rate of 44.1% suggests that nearly half of the households in 72577 are renters. While this percentage may seem low compared to urban areas, it indicates a steady demand for rental properties. Given the median home value and the relatively low cost of living, the rental market appears stable and capable of supporting investment properties.
- Will vouchers keep pace with $566 market rents?: The Fair Market Rent (FMR) of $900 is significantly higher than the market rent of $566, indicating that voucher holders can afford to pay the market rate. However, the data does not provide specific information on the growth rate of vouchers in the area. To ensure long-term viability, it's advisable to monitor local housing authority reports and national trends in voucher allocations.
Note that while the data provides insights into the current state of the rental market, it does not offer projections on future changes in voucher availability or market rents. Investors should conduct further research to understand potential risks and opportunities.
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.