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Izard County/Elizabeth/72531

72531

ZIPSAFMR
Izard County, AR
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$700$700
1 BR$800$800
2 BR$950$950
3 BR$1,250$1,250
4 BR$1,290$1,290
5 BR$1,483Not available
6 BR$1,706Not available
7 BR$1,962Not available
8 BR$2,256Not available

Purchase Price Calculator

Maximum purchase price
$79,253

Cost breakdown

+Likely effective rent$950
HUD FMRUsed$950
Market rentN/A
Est. payment standardN/A
-Principal and interest-$401
Loan amount$63,402
Down payment$15,851
Rate6.50%
Term30 years
-Operating costs-$349
Property taxes-$79
Insurance-$175
Utilities$0
HOA$0
Management-$95
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,565(98.2% ROI)
Projected value
$85,347
Return breakdown
Property appreciation+$6,094
Loan principal paid down+$2,272
Rental cash flow+$7,200
5-year hold
+$26,465(167.0% ROI)
Projected value
$89,668
Return breakdown
Property appreciation+$10,415
Loan principal paid down+$4,051
Rental cash flow+$12,000
10-year hold
+$55,850(352.4% ROI)
Projected value
$101,451
Return breakdown
Property appreciation+$22,198
Loan principal paid down+$9,652
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 72531 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 72531 (Elizabeth, AR) is $950 a month. That is up 3.3% from $920 in FY 2026. Elizabeth is in the Izard 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 18 ZIP codes in Izard County, 72531 has the 5th-highest two-bedroom rent (county range $910–$1,100). The median county two-bedroom FMR in Arkansas is $909, so ZIP 72531 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 72531
BedroomsFY 2027Change90–110% range
Studio$700+2.9%$630–$770
1BR$800+8.1%$720–$880
2BR$950+3.3%$855–$1,045
3BR$1,250+4.2%$1,125–$1,375
4BR$1,290−0.8%$1,161–$1,419

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 72531
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$700$800$950$1,250$1,290
FY 2026$680$740$920$1,200$1,300
FY 2025$660$680$890$1,180$1,260
FY 2024area FMR$604$683$814$1,075$1,148
FY 2023area FMR$539$585$720$929$1,024

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

Two-bedroom rent in nearby Izard County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 72531
72512$990+4.2%
72513$990+4.2%
72515$910−4.2%
72517$910−4.2%
72519$910−4.2%
72528$910−4.2%
72529$1,100+15.8%
72531Current$950—
72536$960+1.1%
72540$910−4.2%
72556$910−4.2%
72561$910−4.2%

Questions about ZIP 72531 rents

How much will Section 8 pay for a two-bedroom in ZIP 72531?

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 $950 it would be $855 to $1,045. 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 72531 in?

ZIP 72531 is in the Izard 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 72531 for FY 2027?

The two-bedroom FMR rose 3.3%, from $920 in FY 2026 to $950 in FY 2027. Since FY 2025 it has risen 6.7%.

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