FMR is below market; voucher rent may lag private rents.
0.57
1 BR
1 BR
0.61ratio
FMR$1,020
Market$1,660
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.61
2 BR
2 BR
0.72ratio
FMR$1,240
Market$1,730
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.72
3 BR
3 BR
0.90ratio
FMR$1,720
Market$1,910
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.90
4 BR
4 BR
0.87ratio
FMR$2,030
Market$2,330
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.87
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 72739 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 72739 (Hiwasse, AR) is $1,240 a month. That is down 9.5% from $1,370 in FY 2026. Hiwasse is in the Fayetteville-Springdale-Rogers, 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 $1,256. Among 22 ZIP codes in Benton County, 72739 has the 14th-highest two-bedroom rent (county range $1,220–$1,880). The median county two-bedroom FMR in Arkansas is $909, so ZIP 72739 is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 72739
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$920
−9.8%
$828–$1,012
1BR
$1,130
$1,020
−9.7%
$918–$1,122
2BR
$1,370
$1,240
−9.5%
$1,116–$1,364
3BR
$1,910
$1,720
−9.9%
$1,548–$1,892
4BR
$2,250
$2,030
−9.8%
$1,827–$2,233
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 72739
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$920
$1,020
$1,240
$1,720
$2,030
FY 2026
$1,020
$1,130
$1,370
$1,910
$2,250
FY 2025
$850
$920
$1,110
$1,560
$1,800
FY 2024
$820
$870
$1,060
$1,490
$1,750
FY 2023
$620
$660
$800
$1,140
$1,360
Two-bedroom rent in nearby Benton County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 72739?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,256, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,130 to $1,382 a month; under the ZIP-level Small Area FMR of $1,240 it would be $1,116 to $1,364. 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 72739 in?
ZIP 72739 is in the Fayetteville-Springdale-Rogers, AR MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,256.
How much did fair market rent change in ZIP 72739 for FY 2027?
The two-bedroom FMR fell 9.5%, from $1,370 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 55.0%.
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