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Lincoln County/Monticello/71655

71655

ZIPSAFMR
Lincoln County, AR
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$650$710
1 BR$690$730
2 BR$910$770
3 BR$1,190$820
4 BR$1,190$950
5 BR$1,369Not available
6 BR$1,574Not available
7 BR$1,810Not available
8 BR$2,081Not available

Purchase Price Calculator

Maximum purchase price
$52,505

Cost breakdown

+Likely effective rent$770
HUD FMR$910
Market rentUsed$770
Est. payment standard (90%)$820
-Principal and interest-$265
Loan amount$42,004
Down payment$10,501
Rate6.50%
Term30 years
-Operating costs-$305
Property taxes-$53
Insurance-$175
Utilities$0
HOA$0
Management-$77
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$12,742(121.3% ROI)
Projected value
$56,542
Return breakdown
Property appreciation+$4,037
Loan principal paid down+$1,505
Rental cash flow+$7,200
5-year hold
+$21,583(205.5% ROI)
Projected value
$59,405
Return breakdown
Property appreciation+$6,900
Loan principal paid down+$2,684
Rental cash flow+$12,000
10-year hold
+$45,101(429.5% ROI)
Projected value
$67,211
Return breakdown
Property appreciation+$14,706
Loan principal paid down+$6,395
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.92
2 BR
1.18
3 BR
1.45
4 BR
1.25
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 71655 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 71655 (Monticello, AR) is $910 a month. That is down 1.1% from $920 in FY 2026. Monticello is in the Lincoln County, AR non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $909. Among 22 ZIP codes in Lincoln County, 71655 is tied for the 10th-highest two-bedroom rent (county range $910–$1,140).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 71655
BedroomsFY 2027Change90–110% range
Studio$650−1.5%$585–$715
1BR$690−1.4%$621–$759
2BR$910−1.1%$819–$1,001
3BR$1,190−1.7%$1,071–$1,309
4BR$1,190−2.5%$1,071–$1,309

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 71655
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$650$690$910$1,190$1,190
FY 2026$660$700$920$1,210$1,220
FY 2025$680$710$930$1,160$1,230
FY 2024$570$620$810$1,040$1,090
FY 2023$510$550$720$910$990

Two-bedroom rent in nearby Lincoln County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 71655
71646$9100.0%
71647$9100.0%
71651$950+4.4%
71652$1,020+12.1%
71653$1,140+25.3%
71654$920+1.1%
71655Current$910—
71658$940+3.3%
71660$960+5.5%
71661$950+4.4%
71663$9100.0%
71665$9100.0%

Questions about ZIP 71655 rents

How much will Section 8 pay for a two-bedroom in ZIP 71655?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $909, which applies unless the housing authority uses Small Area FMRs, that basic range is $818 to $1,000 a month; under the ZIP-level Small Area FMR of $910 it would be $819 to $1,001. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 71655 in?

ZIP 71655 is in the Lincoln County, AR non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $909.

How much did fair market rent change in ZIP 71655 for FY 2027?

The two-bedroom FMR fell 1.1%, from $920 in FY 2026 to $910 in FY 2027. Since FY 2023 it has risen 26.4%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentMonticello, AR fair market rentAR statewide rentsWhat is SAFMR?Data sources