Section 8 Fair Market Rent (FMR) for ZIP 72770 - 2027
Location: Fayetteville-Springdale-Rogers, AR | Metro: Fayetteville-Springdale-Rogers, AR MSA
FY 2027 Fair Market Rent Rates
| 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 |
To determine if a landlord should invest in ZIP code 72770 for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1060 cover debt service on a property?
- Yes: Proceed to the next question.
- No: Do not purchase a property in this ZIP code for Section 8 tenants. The FMR does not provide sufficient income to meet the financial obligations of owning a property.
- Is the market rent above, at, or below the FMR of $1060?
- Above: The area may be too expensive for Section 8 vouchers. Landlords will struggle to find tenants willing to pay the required rent.
- At or Below: Proceed to the next question. The market conditions align with the FMR, making it feasible to find Section 8 tenants.
- Are the percentage of renters and days on market (DOM) indicative of enough demand?
- Yes: There is a strong likelihood that demand for rental properties will support Section 8 tenancy. Invest in this ZIP code.
- No: The demand for rentals is insufficient. Do not purchase a property in this ZIP code for Section 8 tenants.
- It Depends: Evaluate other factors such as vacancy rates, population growth, and local job markets before deciding. The current data suggests a moderate level of demand, but additional research is necessary to confirm viability.
The decision to invest in ZIP 72770 for Section 8 properties hinges on whether the FMR can cover debt service and the alignment of market rents with the FMR. Additionally, the percentage of renters and DOM play a crucial role in assessing the demand for rental properties in the 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.