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Craighead County/Jonesboro/72405

72405

ZIPSAFMR
Craighead County, AR
Zillow

ZIP Investment Score

91Below average

095130300
BRFMR
Eff. Rent
0 BR$1,000$1,030
1 BR$1,000$1,010
2 BR$1,210$1,240
3 BR$1,590$1,620
4 BR$1,600$1,760
5 BR$1,840Not available
6 BR$2,116Not available
7 BR$2,433Not available
8 BR$2,798Not available

Purchase Price Calculator

Maximum purchase price
$122,347

Cost breakdown

+Likely effective rent$1,240
HUD FMR$1,210
Market rent$1,260
Est. payment standard (103%)Used$1,240
-Principal and interest-$619
Loan amount$97,878
Down payment$24,469
Rate6.50%
Term30 years
-Operating costs-$421
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,114(82.2% ROI)
Projected value
$131,754
Return breakdown
Property appreciation+$9,407
Loan principal paid down+$3,507
Rental cash flow+$7,200
5-year hold
+$34,331(140.3% ROI)
Projected value
$138,424
Return breakdown
Property appreciation+$16,077
Loan principal paid down+$6,253
Rental cash flow+$12,000
10-year hold
+$73,168(299.0% ROI)
Projected value
$156,615
Return breakdown
Property appreciation+$34,268
Loan principal paid down+$14,901
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
0.99
2 BR
0.96
3 BR
0.97
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 72405 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 72405 (Jonesboro, AR) is $1,210 a month. That is up 2.5% from $1,180 in FY 2026. Jonesboro is in the Jonesboro, AR HUD Metro 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 metro-wide two-bedroom FMR of $1,079. Among 15 ZIP codes in Craighead County, 72405 has the highest two-bedroom rent (county range $940–$1,210). The median county two-bedroom FMR in Arkansas is $909, so ZIP 72405 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 72405
BedroomsFY 2027Change90–110% range
Studio$1,000+9.9%$900–$1,100
1BR$1,000+1.0%$900–$1,100
2BR$1,210+2.5%$1,089–$1,331
3BR$1,5900.0%$1,431–$1,749
4BR$1,600−4.8%$1,440–$1,760

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 72405
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,000$1,000$1,210$1,590$1,600
FY 2026$910$990$1,180$1,590$1,680
FY 2025$820$950$1,140$1,530$1,790
FY 2024$640$770$940$1,230$1,570
FY 2023$560$660$840$1,090$1,430

Two-bedroom rent in nearby Craighead County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 72405
72401$1,040−14.0%
72402$1,080−10.7%
72403$1,080−10.7%
72404$1,090−9.9%
72405Current$1,210—
72411$1,180−2.5%
72414$940−22.3%
72416$1,030−14.9%
72417$1,120−7.4%
72419$940−22.3%
72421$980−19.0%
72427$940−22.3%

Questions about ZIP 72405 rents

How much will Section 8 pay for a two-bedroom in ZIP 72405?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,079, which applies unless the housing authority uses Small Area FMRs, that basic range is $971 to $1,187 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 72405 in?

ZIP 72405 is in the Jonesboro, AR HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,079.

How much did fair market rent change in ZIP 72405 for FY 2027?

The two-bedroom FMR rose 2.5%, from $1,180 in FY 2026 to $1,210 in FY 2027. Since FY 2023 it has risen 44.0%.

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