FY2027 Small Area FMR · Wheatley, AR
ZIP 72392 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 72392 (Wheatley, AR) is $1,090 a month, up 23.9% from FY2026. That is 20% above the Monroe County, AR area-wide FMR of $909.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 72392 sits in the Monroe County, AR area
Of the 9 ZIP codes HUD lists for the area, 72392 has the 2nd highest two-bedroom Small Area FMR. Monroe 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 $909 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,090 for this ZIP code instead.
ZIP code 72392 crosses more than one HUD area. HUD also lists it under St. Francis County, AR (same figures) and Woodruff County, AR (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $770 | $693 – $847 | $646 | $650 |
| 1 bedroom | $830 | $747 – $913 | $695 | $670 |
| 2 bedrooms | $1,090 | $981 – $1,199 | $909 | $880 |
| 3 bedrooms | $1,320 | $1,188 – $1,452 | $1,083 | $1,120 |
| 4 bedrooms | $1,480 | $1,332 – $1,628 | $1,274 | $1,250 |
A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 a year to keep housing costs at 30% of income. The area median family income is $68,000 and the 80% low-income limit for four people is $56,900. ZIP code 72392 lies mainly in St. Francis County, Woodruff County and Monroe County. See the Monroe County, AR county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 72392?
HUD's FY2027 Small Area Fair Market Rents for 72392 are $770 (studio), $830 (1 BR), $1,090 (2 BR), $1,320 (3 BR) and $1,480 (4 BR) a month.
What is the Section 8 payment standard in 72392?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 72392 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 72392?
The FY2026 income limits of the Monroe County, AR area apply: median family income $68,000, low-income (80%) limit $56,900 for a family of four.