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 | $224,063 | 0.54% | F |
| 3BR | $1,690 | $306,588 | 0.55% | F |
| 4BR | $2,000 | $361,051 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 72753, located in Prairie Grove, Arkansas, represents a mixed housing market with a significant portion of renters. With a total population of 10,744, 27.9% of residents are renters, indicating a notable presence of individuals who might be interested in Section 8 vouchers. The median household income in this area stands at $70,985, which is relatively high compared to the national average.
The market rent for the area is $1,466, which equates to approximately 20.6% of the median household income. This percentage suggests that the cost of rent is a substantial part of the budget for most households, especially those relying on government assistance. The Fair Market Rent (FMR) for the fiscal year 2024 in this ZIP code is set at $1,000, indicating a gap between market rents and what the government deems fair for the area.
This discrepancy means that tenants using Section 8 vouchers might struggle to find units that accept their vouchers and do not exceed the FMR. Landlords in this area should expect tenants who are likely to be working and earning below the median income but above the poverty line. These tenants will rely heavily on the voucher program to make ends meet, given the higher-than-FMR market rents.
In summary, ZIP 72753 is not dominated by homeowners but has a significant renter base, creating a moderate demand for Section 8 vouchers. The typical tenant will have an income level that requires the use of a voucher to afford the local rent, making it important for landlords to understand the dynamics of the voucher program and the financial realities faced by these potential tenants.
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.