Section 8 Fair Market Rent (FMR) for ZIP 72751 - 2027

Location: Fayetteville-Springdale-Rogers, AR | Metro: Fayetteville-Springdale-Rogers, AR MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,340
1 Bedroom	$1,550
2 Bedrooms	$1,840
3 Bedrooms	$2,550
4 Bedrooms	$3,080
5 Bedrooms	$3,573
6 Bedrooms	$4,002
7 Bedrooms	$4,322
8 Bedrooms	$4,538

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

9,997

Median Household Income

$95,299

Housing Units

3,619

Renter Percentage

18.1%

Occupancy Rate

97.0%

Renter Occupied

634

Housing Authorities Serving ZIP 72751

Siloam Springs Housing Authority (Siloam Springs, AR) - 503 Section 8 vouchers
Housing Authority of the City of Decatur (Decatur, AR)

To determine if you should buy in ZIP code 72751 for Section 8 investment, follow these steps:

Step 1: Clearing Debt Service

The Fair Market Rent (FMR) for ZIP 72751 in fiscal year 2024 is $1680. For a property valued at $349,988, calculate your debt service costs. If the $1680 monthly payment does not cover your mortgage, insurance, and maintenance expenses, then the answer is No. If it does, proceed to the next step.

Step 2: Market Rent Comparison

The Zillow Observed Rental Index (ZORI) for ZIP 72751 is $1,847 per month. Compare this figure to the FMR of $1680. Since ZORI is higher than FMR, there is potential to charge market rent to non-Section 8 tenants, which could be beneficial. However, if you're strictly considering Section 8 tenants, this difference means you will be earning less than market value. This scenario suggests that the answer is It Depends on whether you plan to exclusively lease to Section 8 tenants or diversify your tenant pool.

Step 3: Demand Analysis

In ZIP 72751, 18.1% of residents are renters. The Days on Market (DOM) is listed as N/A, indicating insufficient data to assess how quickly properties are typically rented out. Given the limited rental population, it's crucial to evaluate the local demand carefully. If you can secure a consistent stream of Section 8 tenants, the answer is Yes. Otherwise, with the uncertainty around DOM, the answer remains It Depends.

If FMR clears debt service and you're comfortable with the lower income stream compared to market rents, consider buying.
If FMR does not cover debt service, do not buy for Section 8 investment.
If you can diversify your tenant base beyond just Section 8, the higher market rent might make this ZIP code a viable option.
With an 18.1% rental rate and uncertain DOM, ensure there is sufficient demand before proceeding.

Make your decision based on these factors and your tolerance for risk. Remember, Section 8 investments come with their own set of rules and regulations, so ensure you are prepared to comply with all requirements.

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.