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Independence County/Concord/72523

72523

ZIPSAFMR
Independence County, AR
Zillow

ZIP Investment Score

107Above average

095130300
BRFMR
Eff. Rent
0 BR$690$690
1 BR$760$760
2 BR$1,000$1,000
3 BR$1,290$1,290
4 BR$1,350$1,350
5 BR$1,552Not available
6 BR$1,785Not available
7 BR$2,053Not available
8 BR$2,361Not available

Purchase Price Calculator

Maximum purchase price
$86,683

Cost breakdown

+Likely effective rent$1,000
HUD FMRUsed$1,000
Market rentN/A
Est. payment standardN/A
-Principal and interest-$438
Loan amount$69,346
Down payment$17,337
Rate6.50%
Term30 years
-Operating costs-$362
Property taxes-$87
Insurance-$175
Utilities$0
HOA$0
Management-$100
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,350(94.3% ROI)
Projected value
$93,348
Return breakdown
Property appreciation+$6,665
Loan principal paid down+$2,485
Rental cash flow+$7,200
5-year hold
+$27,821(160.5% ROI)
Projected value
$98,074
Return breakdown
Property appreciation+$11,391
Loan principal paid down+$4,431
Rental cash flow+$12,000
10-year hold
+$58,836(339.4% ROI)
Projected value
$110,962
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$10,557
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
--
Mortgage rate
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ZIP 72523 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 72523 (Concord, AR) is $1,000 a month. That is up 13.6% from $880 in FY 2026. Concord is in the Independence 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 $934. Among 18 ZIP codes in Independence County, 72523 has the 2nd-highest two-bedroom rent (county range $910–$1,020). The median county two-bedroom FMR in Arkansas is $909, so ZIP 72523 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 72523
BedroomsFY 2027Change90–110% range
Studio$690+9.5%$621–$759
1BR$760+11.8%$684–$836
2BR$1,000+13.6%$900–$1,100
3BR$1,290+14.2%$1,161–$1,419
4BR$1,350+13.4%$1,215–$1,485

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 72523
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$690$760$1,000$1,290$1,350
FY 2026$630$680$880$1,130$1,190
FY 2025$620$650$850$1,070$1,120
FY 2024area FMR$618$623$818$1,087$1,089
FY 2023area FMR$544$552$726$950$975

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Independence County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 72523
72501$940−6.0%
72503$930−7.0%
72522$920−8.0%
72523Current$1,000—
72524$910−9.0%
72526$940−6.0%
72527$940−6.0%
72530$990−1.0%
72534$970−3.0%
72550$950−5.0%
72553$940−6.0%
72562$910−9.0%

Questions about ZIP 72523 rents

How much will Section 8 pay for a two-bedroom in ZIP 72523?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $934, which applies unless the housing authority uses Small Area FMRs, that basic range is $841 to $1,027 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. 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 72523 in?

ZIP 72523 is in the Independence County, AR non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $934.

How much did fair market rent change in ZIP 72523 for FY 2027?

The two-bedroom FMR rose 13.6%, from $880 in FY 2026 to $1,000 in FY 2027. Since FY 2025 it has risen 17.6%.

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