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Carroll County/Eureka Springs/72632

72632

ZIPSAFMR
Carroll County, AR
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$910$910
1 BR$1,010$1,010
2 BR$1,220$1,340
3 BR$1,690$1,690
4 BR$2,000$2,000
5 BR$2,300Not available
6 BR$2,645Not available
7 BR$3,042Not available
8 BR$3,498Not available

Purchase Price Calculator

Maximum purchase price
$137,207

Cost breakdown

+Likely effective rent$1,340
HUD FMR$1,220
Market rent$1,910
Est. payment standard (110%)Used$1,340
-Principal and interest-$694
Loan amount$109,766
Down payment$27,441
Rate6.50%
Term30 years
-Operating costs-$446
Property taxes-$137
Insurance-$175
Utilities$0
HOA$0
Management-$134
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,683(79.0% ROI)
Projected value
$147,757
Return breakdown
Property appreciation+$10,550
Loan principal paid down+$3,933
Rental cash flow+$7,200
5-year hold
+$37,043(135.0% ROI)
Projected value
$155,237
Return breakdown
Property appreciation+$18,030
Loan principal paid down+$7,013
Rental cash flow+$12,000
10-year hold
+$79,140(288.4% ROI)
Projected value
$175,637
Return breakdown
Property appreciation+$38,430
Loan principal paid down+$16,711
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

2 BR
0.64
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 72632 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 72632 (Eureka Springs, AR) is $1,220 a month. That is up 22.0% from $1,000 in FY 2026. Eureka Springs is in the Carroll 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 $1,005. Among 6 ZIP codes in Carroll County, 72632 has the highest two-bedroom rent (county range $970–$1,220). The median county two-bedroom FMR in Arkansas is $909, so ZIP 72632 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 72632
BedroomsFY 2027Change90–110% range
Studio$910+18.2%$819–$1,001
1BR$1,010+20.2%$909–$1,111
2BR$1,220+22.0%$1,098–$1,342
3BR$1,690+19.9%$1,521–$1,859
4BR$2,000+23.5%$1,800–$2,200

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 72632
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$910$1,010$1,220$1,690$2,000
FY 2026$770$840$1,000$1,410$1,620
FY 2025$790$840$1,010$1,430$1,670
FY 2024$650$690$840$1,190$1,430
FY 2023$600$630$780$1,110$1,340

Two-bedroom rent in nearby Carroll County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 72632
72613$1,010−17.2%
72616$970−20.5%
72631$1,020−16.4%
72632Current$1,220—
72638$1,060−13.1%
72660$1,060−13.1%

Questions about ZIP 72632 rents

How much will Section 8 pay for a two-bedroom in ZIP 72632?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,005, which applies unless the housing authority uses Small Area FMRs, that basic range is $905 to $1,106 a month; under the ZIP-level Small Area FMR of $1,220 it would be $1,098 to $1,342. 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 72632 in?

ZIP 72632 is in the Carroll County, AR non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,005.

How much did fair market rent change in ZIP 72632 for FY 2027?

The two-bedroom FMR rose 22.0%, from $1,000 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 56.4%.

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