FY2027 Small Area FMR · Jonesboro, AR

ZIP 72403 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 72403 (Jonesboro, AR) is $1,080 a month, up 3.8% from FY2026. That is 0% equal to the Jonesboro, AR area-wide FMR of $1,079.

2-bedroom SAFMR$1,080per month ▲ 3.8%

Area-wide 2 BR FMR$1,079Jonesboro, AR

Rank in the area5thof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$972

2 BR Small Area FMR$1,080

110% of SAFMR$1,188

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

Studio$890▲ 11.2%

1 BR$900▲ 3.4%

2 BR$1,080▲ 3.8%

3 BR$1,420▲ 1.4%

4 BR$1,420▼ 4.1%

FY2027 FY2026

Where 72403 sits in the Jonesboro, AR area

Of the 21 ZIP codes HUD lists for the area, 72403 has the 5th highest two-bedroom Small Area FMR. Jonesboro, 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 $1,079 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,080 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	$890	$801 – $979	$889	$800
1 bedroom	$900	$810 – $990	$895	$870
2 bedrooms	$1,080	$972 – $1,188	$1,079	$1,040
3 bedrooms	$1,420	$1,278 – $1,562	$1,418	$1,400
4 bedrooms	$1,420	$1,278 – $1,562	$1,424	$1,480

A household renting a two-bedroom home at the Small Area FMR of $1,080 needs about $43,200 a year to keep housing costs at 30% of income. The area median family income is $75,600 and the 80% low-income limit for four people is $60,500. ZIP code 72403 lies mainly in Craighead County. See the Jonesboro, AR county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
72467	State University	1.7 mi	$1,070
72401	Jonesboro	4.7 mi	$1,040
72405	Jonesboro	5.0 mi	$1,210
72404	Jonesboro	5.7 mi	$1,090
72411	Bay	9.3 mi	$1,180
72416	Bono	10.6 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 72403?

HUD's FY2027 Small Area Fair Market Rents for 72403 are $890 (studio), $900 (1 BR), $1,080 (2 BR), $1,420 (3 BR) and $1,420 (4 BR) a month.

What is the Section 8 payment standard in 72403?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 72403 that range is $972 to $1,188 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 72403?

The FY2026 income limits of the Jonesboro, AR area apply: median family income $75,600, low-income (80%) limit $60,500 for a family of four.