Section 8 Fair Market Rent (FMR) for ZIP 72758 - 2027

Investment Score for ZIP 72758

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,080
1 Bedroom	$1,240
2 Bedrooms	$1,480
3 Bedrooms	$2,050
4 Bedrooms	$2,470
5 Bedrooms	$2,865
6 Bedrooms	$3,209
7 Bedrooms	$3,466
8 Bedrooms	$3,639

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,480	$321,691	0.46%	F
3BR	$2,050	$341,008	0.6%	D
4BR	$2,470	$621,121	0.4%	F
5BR	$2,865	$834,228	0.34%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 72758 (Rogers, AR) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 72758, as of 2026, is set at $1590 for a two-bedroom unit. This represents approximately 19.2% of the median household income in Rogers, which stands at $99,147. However, the actual median rent for a two-bedroom unit on Zillow is significantly higher at $320,596, resulting in a price-to-FMR ratio of 16.8x. This means that the actual market rent far exceeds the FMR, creating a substantial constraint for Section 8 voucher holders. They would likely struggle to find units that fall within their voucher limits, especially considering that the FMR is only a fraction of the median home value in the area. #### Affordability & Renter Profile In ZIP code 72758, 41.4% of the population are renters, indicating a significant demand for rental properties. The occupancy rate of 90.5% suggests that the market is relatively tight, with few vacant units available. Given the high median household income and the fact that the FMR for a two-bedroom unit is only 19.2% of the median income, it is clear that the majority of residents can afford to pay well above the FMR. However, the 41.4% of renters who rely on the local rental market might face affordability challenges due to the high actual rents compared to the FMR. This could result in a competitive environment where landlords have the upper hand, potentially leading to higher rents and less flexibility for tenants. #### Investor Angle From an investor perspective, the ZIP code 72758 presents a mixed picture when considering cash flow and investment grade. While the median household income is robust at $99,147, the actual market rent for a two-bedroom unit is $320,596, which is far beyond the FMR of $1590. This implies that investors targeting Section 8 voucher holders will face significant limitations in finding suitable properties. Additionally, the high price-to-FMR ratio of 16.8x indicates that the market is overpriced relative to the government-set rent standards, making it challenging to achieve positive cash flow solely based on FMR rates. However, given the strong demand from non-voucher holders and the high median household income, there is potential for investors to target a broader market segment. For instance, they could focus on higher-end rental properties that cater to the affluent demographic, ensuring better returns. Nonetheless, the tight market conditions and high occupancy rates suggest that competition for rental properties is fierce, which could impact vacancy rates and overall profitability. #### Specific Actionable Insights 1. **Target Higher-End Rentals**: Investors should consider focusing on properties that cater to the higher-income bracket, as the median household income is quite strong. A two-bedroom unit priced at $320,596 would be more aligned with the local market and could provide better cash flow and returns. 2. **Diversify Tenant Base**: Given the high price-to-FMR ratio, it would be prudent for investors to diversify their tenant base beyond just Section 8 voucher holders. This could include offering units at slightly above FMR but still below market rates to attract a mix of tenants, including those who are employed but do not qualify for vouchers. 3. **Monitor Local Rental Trends**: With the occupancy rate at 90.5%, it is crucial for investors to keep a close eye on local rental trends. If the market becomes even tighter, it could lead to increased competition among landlords, potentially driving up maintenance costs and reducing profit margins. #### Bottom Line For investors focused specifically on Section 8 vouchers, the ZIP code 72758 presents a challenging environment due to the high price-to-FMR ratio and limited availability of units that fall within voucher limits. Therefore, the recommendation is to **skip** this ZIP code if the primary goal is to invest in properties exclusively for Section 8 voucher holders. Instead, investors should consider areas with lower price-to-FMR ratios or explore other investment strategies that leverage the strong local economy and diverse renter profile.

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.