Location: Fayetteville-Springdale-Rogers, AR | Metro: Fayetteville-Springdale-Rogers, AR MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
The ZIP code 72757 in Unknown, AR, presents a unique challenge due to the lack of specific demographic data such as population size, percentage of renters, and median household income. However, it's possible to infer some insights based on the available information.
The Federal Market Rent (FMR) for ZIP code 72757 is set at $1210 for fiscal year 2024. This figure represents the maximum amount that a Section 8 voucher holder can use towards their monthly rent, which landlords should be aware of when setting rental prices for properties that accept vouchers.
Without precise figures on the percentage of renters and median household income, it's difficult to definitively state whether this area has a heavy renter base or if vouchers are widely used. Typically, areas with a higher proportion of renters tend to have greater demand for housing assistance programs like Section 8. Conversely, areas dominated by homeowners might see less reliance on such vouchers.
To connect income levels to market rents, we would normally compare the median household income to the average rent. In this case, since the median household income is not provided, landlords must rely on local knowledge and trends to gauge how much of the local income is consumed by rent. Generally, in low-income areas, rent can take up a larger portion of the household budget, sometimes exceeding 50%.
Landlords in ZIP 72757 should anticipate a tenant pool that includes individuals and families who rely on Section 8 vouchers to afford housing. These tenants will be looking for properties where the rent does not exceed $1210 per month, adjusted for bedroom size. Landlords should ensure their properties meet HUD standards for health and safety to qualify for the program.
Given the scarcity of detailed demographic data, landlords are advised to stay informed about local economic conditions and housing needs to better understand the potential demand for Section 8 rentals. Engaging with local real estate agents and property management firms can provide valuable insights into the actual tenant profile and the effectiveness of the Section 8 program in this specific area.
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.