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Garland County/Royal/71968

71968

ZIPSAFMR
Garland County, AR
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$930$930
1 BR$940$940
2 BR$1,210$1,210
3 BR$1,550$1,550
4 BR$1,740$1,740
5 BR$2,001Not available
6 BR$2,301Not available
7 BR$2,646Not available
8 BR$3,043Not available

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMRUsed$1,210
Market rentN/A
Est. payment standardN/A
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 71968 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 71968 (Royal, AR) is $1,210 a month. That is down 3.2% from $1,250 in FY 2026. Royal 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, 71968 has the 2nd-highest two-bedroom rent (county range $990–$1,300). The median county two-bedroom FMR in Arkansas is $909, so ZIP 71968 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 71968
BedroomsFY 2027Change90–110% range
Studio$930−2.1%$837–$1,023
1BR$940−2.1%$846–$1,034
2BR$1,210−3.2%$1,089–$1,331
3BR$1,550−3.1%$1,395–$1,705
4BR$1,740−8.9%$1,566–$1,914

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 71968
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$940$1,210$1,550$1,740
FY 2026$950$960$1,250$1,600$1,910
FY 2025$930$940$1,210$1,530$1,900
FY 2024$850$850$1,110$1,380$1,780
FY 2023$660$690$900$1,110$1,460

Two-bedroom rent in nearby Garland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 71968
71901$1,020−15.7%
71902$1,110−8.3%
71903$1,110−8.3%
71909$1,300+7.4%
71910$1,110−8.3%
71913$1,150−5.0%
71914$1,110−8.3%
71949$1,160−4.1%
71956$990−18.2%
71968Current$1,210—
72087$1,040−14.0%

Questions about ZIP 71968 rents

How much will Section 8 pay for a two-bedroom in ZIP 71968?

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 $1,210 it would be $1,089 to $1,331. 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 71968 in?

ZIP 71968 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 71968 for FY 2027?

The two-bedroom FMR fell 3.2%, from $1,250 in FY 2026 to $1,210 in FY 2027. Since FY 2023 it has risen 34.4%.

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