FY2027 Small Area FMR · Okolona, AR

ZIP 71962 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 71962 (Okolona, AR) is $940 a month, up 5.6% from FY2026. That is 1% above the Clark County, AR area-wide FMR of $928.

2-bedroom SAFMR$940per month ▲ 5.6%

Area-wide 2 BR FMR$928Clark County, AR

Rank in the area3rdof 11 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$846

2 BR Small Area FMR$940

110% of SAFMR$1,034

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$700■ 0.0%

1 BR$760▲ 1.3%

2 BR$940▲ 5.6%

3 BR$1,240▲ 2.5%

4 BR$1,330▼ 0.7%

FY2027 FY2026

Where 71962 sits in the Clark County, AR area

Of the 11 ZIP codes HUD lists for the area, 71962 has the 3rd highest two-bedroom Small Area FMR. Clark County, AR is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $928 for two bedrooms; an agency that opts in to Small Area FMRs would use $940 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$700	$630 – $770	$711	$700
1 bedroom	$760	$684 – $836	$716	$750
2 bedrooms	$940	$846 – $1,034	$928	$890
3 bedrooms	$1,240	$1,116 – $1,364	$1,240	$1,210
4 bedrooms	$1,330	$1,197 – $1,463	$1,312	$1,340

A household renting a two-bedroom home at the Small Area FMR of $940 needs about $37,600 a year to keep housing costs at 30% of income. The area median family income is $76,400 and the 80% low-income limit for four people is $61,100. ZIP code 71962 lies mainly in Clark County. See the Clark County, AR county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
71922	Antoine	5.3 mi	$910
71940	Delight	11.4 mi	$910
71721	Beirne	12.2 mi	$930
71728	Curtis	13.0 mi	$920
71921	Amity	14.8 mi	$1,010
71923	Arkadelphia	16.2 mi	$940

Questions

What is the Fair Market Rent for ZIP code 71962?

HUD's FY2027 Small Area Fair Market Rents for 71962 are $700 (studio), $760 (1 BR), $940 (2 BR), $1,240 (3 BR) and $1,330 (4 BR) a month.

What is the Section 8 payment standard in 71962?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 71962 that range is $846 to $1,034 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 71962?

The FY2026 income limits of the Clark County, AR area apply: median family income $76,400, low-income (80%) limit $61,100 for a family of four.