Location: Fayetteville-Springdale-Rogers, AR | Metro: Fayetteville-Springdale-Rogers, AR MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,690 | $233,979 | 0.72% | D |
U.S. Census Bureau data (2024)
ZIP code 72722, located within the Fayetteville-Springdale-Rogers, AR MSA, presents an interesting mix of characteristics when compared to typical ZIP codes in the same metro area. The Fair Market Rent (FMR) for ZIP 72722 is set at $930 for fiscal year 2024, which is notably higher than the market rent of $857. This indicates that the government's rental assistance standards are slightly above what the market currently demands, potentially making it a favorable area for landlords participating in Section 8 programs.
The median home value in ZIP 72722 stands at $286,827, which is a substantial figure and suggests that the area is not considered a value pocket but rather a mid-tier neighborhood within the larger metro region. Home values can influence the type of tenants who are likely to reside in the area, as well-financed buyers might prefer to purchase over renting, leading to a mixed housing market.
A key feature of ZIP 72722 is its 45.2% renter share, which is a significant portion of the population. This high percentage of renters, combined with the below-metro average home values, points towards an area where rental properties are more common and perhaps more affordable than owning a home. High renter shares often indicate a demand for rental housing, which could be beneficial for landlords and small-portfolio investors looking to capitalize on this trend.
In summary, ZIP 72722 is best categorized as a mid-tier neighborhood within the Fayetteville-Springdale-Rogers, AR MSA. Its FMR is slightly above the market rent, making it a reasonable choice for those interested in Section 8 participation. The high renter share and lower-than-average home values suggest a strong rental market, which is advantageous for landlords and investors seeking steady income through rental properties.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.