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 |
|---|---|---|---|---|
| 2BR | $1,220 | $331,906 | 0.37% | F |
| 3BR | $1,690 | $427,868 | 0.39% | F |
| 4BR | $2,000 | $695,621 | 0.29% | F |
U.S. Census Bureau data (2024)
ZIP code 72732, located in Garfield, AR, is situated within the Fayetteville-Springdale-Rogers, AR MSA. The Fair Market Rent (FMR) for ZIP 72732 is set at $1040 for fiscal year 2024, aligning closely with the market rent figure of $1,034. This indicates that the rental prices in 72732 are consistent with what is expected in the broader metro area.
The median home value in ZIP 72732 stands at $434,188, which is reflective of the middle to upper range of home values typically found within the Fayetteville-Springdale-Rogers MSA. However, the 13.4% renter share suggests a smaller proportion of renters compared to some other ZIP codes within the same MSA, where higher renter shares might be observed due to greater demand for rental properties.
Based on the provided data, ZIP 72732 can be classified as a mid-tier neighborhood within the Fayetteville-Springdale-Rogers, AR MSA. The FMR and market rent are on par with expectations, while the home values suggest a moderate to slightly above average cost of homeownership.
Notably, the combination of a relatively high renter share and home values that are below the premium level but still substantial could indicate a favorable position for Section 8 housing. Landlords and small-portfolio investors should take note of the alignment between FMR and market rents, which simplifies the process of qualifying for Section 8 subsidies. Additionally, the presence of a sizeable yet not overwhelming renter population may provide opportunities for stable rental income without the high risks associated with areas with very low or very high renter shares.
To summarize, ZIP 72732 offers a balanced environment within its MSA, suitable for investors looking for a middle-ground option with reasonable rental rates and home values that are competitive within the region. It presents a viable opportunity for those interested in Section 8 properties, given the conditions that support both affordable rentals and a significant portion of renters.
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.