Section 8 Fair Market Rent (FMR) for ZIP 72587 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 72587, located in Wiseman, Arkansas, is a small rural community with a population of 54 residents across 38 households, indicating a close-knit and potentially stable living environment.

• The Fair Market Rent (FMR) for ZIP 72587 is set at $880 for fiscal year 2026, providing landlords with a benchmark for setting rental prices.
• Market rent data is currently unavailable for ZIP 72587, which could indicate a lack of significant rental activity or that it is a less competitive market.
• No recent data is available for the median home value in ZIP 72587, suggesting that it might be a primarily owner-occupied area without frequent sales transactions.
• The percentage of renters in the area is also not provided, but given the limited rental data, it is likely that homeownership is more prevalent.
• The Days on Market (DOM) for properties in ZIP 72587 is not specified, which could mean that real estate listings are typically sold quickly or that there isn't enough turnover to establish a trend.
• The median income for the ZIP code is not reported, making it difficult to assess the financial stability of potential tenants or buyers.

Despite the scarcity of specific market metrics such as median home value and median income, the low FMR suggests that rental prices should remain modest. The lack of detailed market data indicates that ZIP 72587 may be a niche investment opportunity, best suited for those looking for long-term, stable returns rather than quick flips or high rental yields.

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.