Section 8 Fair Market Rent (FMR) for ZIP 72918 - 2027

FY 2027 Fair Market Rent Rates

The market analysis for Section 8 investors targeting ZIP code 72918 in Fort Smith, Arkansas, reveals several key points. The HUD Fair Market Rent (FMR) for the area is set at $900 for the fiscal year 2024. However, the market rent data for this specific ZIP code is currently unavailable, making it difficult to provide a direct comparison. Based on the HUD FMR alone, voucher tenants will likely cashflow at this rate, assuming the market rent does not significantly exceed $900.

The median home value for the area is also not available, which means deriving a precise rent-to-price ratio is challenging. Nevertheless, the absence of this data suggests that the housing market in ZIP 72918 might be relatively stable, without extreme fluctuations that could impact investment decisions.

The days on market (DOM) and the percentage of price cuts are not available for this ZIP code, indicating that there is limited recent transactional data to analyze. This lack of data can make it harder to assess the rent-versus-buy dynamics accurately, but it also implies that there is less competition in the rental market, which could benefit landlords and small-portfolio investors.

In conclusion, while specific market rent figures and median home values are missing, the strong cashflow potential at the HUD FMR of $900 makes this ZIP code an attractive option for Section 8 investors seeking consistent returns. The stability implied by the lack of significant transactional data further supports this angle, ensuring that investors can rely on steady income without the risks associated with volatile markets.

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.