Section 8 Fair Market Rent (FMR) for ZIP 74955 - 2027

Location: Fort Smith, AR | Metro: Fort Smith, AR-OK MSA

Investment Score for ZIP 74955

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$111,276

1% Rule

0.9%

Annual Yield

10.78%

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	$760
1 Bedroom	$760
2 Bedrooms	$1,000
3 Bedrooms	$1,350
4 Bedrooms	$1,660
5 Bedrooms	$1,926
6 Bedrooms	$2,157
7 Bedrooms	$2,330
8 Bedrooms	$2,447

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	$1,000	$111,276	0.9%	C
3BR	$1,350	$190,746	0.71%	D
4BR	$1,660	$307,719	0.54%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

13,864

Median Household Income

$50,260

Housing Units

6,315

Renter Percentage

33.4%

Occupancy Rate

87.7%

Renter Occupied

1,849

Sallisaw, OK (ZIP 74955) is a small town with a population that relies significantly on rental properties. The housing market here is influenced by both the Fair Market Rent (FMR) set by HUD and the actual market rents observed in the area. This analysis provides insights into the rental and homeownership landscape, highlighting key metrics that are crucial for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 74955 is set at $890 per month for the fiscal year 2024, indicating the maximum amount that can be charged for a two-bedroom apartment under the Section 8 program.
The average market rent for the area, as reported by the Census Bureau's American Community Survey (ACS), stands at $821 per month, suggesting that the market is slightly below the FMR threshold.
The median home value in Sallisaw is $183,007, which is relatively low compared to other regions, making it an affordable area for potential homeownership investments.
Renters make up a significant portion of the housing market in Sallisaw, with a 33.4% renter share, indicating a strong demand for rental properties.
The median household income in the area is $50,260, providing context for the affordability of housing options for residents.
The Days on Market (DOM) data is currently not available, which means we cannot provide specific insights into how quickly homes are selling in the area.

Investors considering Sallisaw, OK as a market should note the strong demand for rental properties and the alignment between the FMR and market rent rates. While the median home value suggests opportunities for homeownership investments, the higher renter share indicates a robust rental market. The median income figure supports the notion that residents can afford the current rent levels, but it also implies that there could be limitations on the ability to increase rents significantly without affecting occupancy rates. Overall, Sallisaw presents a balanced market with potential for steady returns through rental properties, particularly those priced close to the FMR. Homeownership investments might be less lucrative due to the lower median home values and the substantial renter share.

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.