Location: Franklin County, 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 |
|---|---|---|---|---|
| 3BR | $1,690 | $306,221 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 72959 has a population of 2,972 residents, with 11.6% being renters. The median household income in this area is $51,923. This indicates that the ZIP is primarily a homeowner-dominated area, where the demand for rental properties, particularly those utilizing Section 8 vouchers, is relatively low.
The market rent for properties in ZIP 72959 is $727, which represents approximately 14% of the median household income. This percentage shows that the average rent is reasonably affordable for local residents, considering their income levels. However, it also suggests that there might be a segment of the population that would struggle to afford market-rate rents without assistance.
Comparing the market rent to the Fair Market Rent (FMR) set at $1040 for fiscal year 2024, it's evident that properties in ZIP 72959 are below the FMR threshold. This means that landlords could potentially qualify for higher voucher amounts if they participate in the Section 8 program, making it financially viable to accept tenants with vouchers.
In terms of tenant profiles, landlords in ZIP 72959 can expect to attract individuals and families who rely on Section 8 vouchers due to the lower-than-average market rents. These tenants will likely have their incomes verified and will be able to cover a portion of the rent, with the government covering the rest up to the voucher limit. Landlords should prepare for a mix of long-term residents and newcomers seeking affordable housing options.
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.