Skip to main content
Loading page
Garland County/Hot Springs National Park/71901

71901

ZIPSAFMR
Garland County, AR
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$790$870
1 BR$790$870
2 BR$1,020$1,120
3 BR$1,310$1,380
4 BR$1,510$1,500
5 BR$1,736Not available
6 BR$1,997Not available
7 BR$2,297Not available
8 BR$2,641Not available

Purchase Price Calculator

Maximum purchase price
$104,515

Cost breakdown

+Likely effective rent$1,120
HUD FMR$1,020
Market rent$1,190
Est. payment standard (110%)Used$1,120
-Principal and interest-$528
Loan amount$83,612
Down payment$20,903
Rate6.50%
Term30 years
-Operating costs-$392
Property taxes-$105
Insurance-$175
Utilities$0
HOA$0
Management-$112
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,232(87.2% ROI)
Projected value
$112,551
Return breakdown
Property appreciation+$8,036
Loan principal paid down+$2,996
Rental cash flow+$7,200
5-year hold
+$31,076(148.7% ROI)
Projected value
$118,249
Return breakdown
Property appreciation+$13,734
Loan principal paid down+$5,342
Rental cash flow+$12,000
10-year hold
+$66,002(315.8% ROI)
Projected value
$133,788
Return breakdown
Property appreciation+$29,273
Loan principal paid down+$12,729
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.75
1 BR
0.81
2 BR
0.86
3 BR
0.92
4 BR
1.01
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 71901 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 71901 (Hot Springs National Park, AR) is $1,020 a month. That is up 2.0% from $1,000 in FY 2026. Hot Springs National Park is in the Hot Springs, AR MSA. 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 metro-wide two-bedroom FMR of $1,110. Among 11 ZIP codes in Garland County, 71901 has the 10th-highest two-bedroom rent (county range $990–$1,300). The median county two-bedroom FMR in Arkansas is $909, so ZIP 71901 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 71901
BedroomsFY 2027Change90–110% range
Studio$790+3.9%$711–$869
1BR$790+2.6%$711–$869
2BR$1,020+2.0%$918–$1,122
3BR$1,310+2.3%$1,179–$1,441
4BR$1,510−1.3%$1,359–$1,661

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 71901
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$790$1,020$1,310$1,510
FY 2026$760$770$1,000$1,280$1,530
FY 2025$730$740$950$1,200$1,490
FY 2024$690$700$910$1,130$1,460
FY 2023$570$600$780$970$1,260

Two-bedroom rent in nearby Garland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 71901
71901Current$1,020—
71902$1,110+8.8%
71903$1,110+8.8%
71909$1,300+27.5%
71910$1,110+8.8%
71913$1,150+12.7%
71914$1,110+8.8%
71949$1,160+13.7%
71956$990−2.9%
71968$1,210+18.6%
72087$1,040+2.0%

Questions about ZIP 71901 rents

How much will Section 8 pay for a two-bedroom in ZIP 71901?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,110, which applies unless the housing authority uses Small Area FMRs, that basic range is $999 to $1,221 a month; under the ZIP-level Small Area FMR of $1,020 it would be $918 to $1,122. 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 71901 in?

ZIP 71901 is in the Hot Springs, AR MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,110.

How much did fair market rent change in ZIP 71901 for FY 2027?

The two-bedroom FMR rose 2.0%, from $1,000 in FY 2026 to $1,020 in FY 2027. Since FY 2023 it has risen 30.8%.

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 rentHot Springs National Park, AR fair market rentAR statewide rentsWhat is SAFMR?Data sources