FY2027 Small Area FMR · Lake City, AR

ZIP 72437 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 72437 (Lake City, AR) is $960 a month, up 3.2% from FY2026. That is 11% below the Jonesboro, AR area-wide FMR of $1,079.

2-bedroom SAFMR$960per month ▲ 3.2%

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

Rank in the area13thof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$864

2 BR Small Area FMR$960

110% of SAFMR$1,056

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

Studio$790▲ 9.7%

1 BR$800▲ 2.6%

2 BR$960▲ 3.2%

3 BR$1,270▲ 1.6%

4 BR$1,340▼ 2.9%

FY2027 FY2026

Where 72437 sits in the Jonesboro, AR area

Of the 21 ZIP codes HUD lists for the area, 72437 has the 13th 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 $960 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	$790	$711 – $869	$889	$720
1 bedroom	$800	$720 – $880	$895	$780
2 bedrooms	$960	$864 – $1,056	$1,079	$930
3 bedrooms	$1,270	$1,143 – $1,397	$1,418	$1,250
4 bedrooms	$1,340	$1,206 – $1,474	$1,424	$1,380

A household renting a two-bedroom home at the Small Area FMR of $960 needs about $38,400 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 72437 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
72414	Black Oak	5.0 mi	$940
72417	Brookland	6.2 mi	$1,120
72447	Monette	8.4 mi	$940
72419	Caraway	9.0 mi	$940
72411	Bay	9.7 mi	$1,180
72401	Jonesboro	11.4 mi	$1,040

Questions

What is the Fair Market Rent for ZIP code 72437?

HUD's FY2027 Small Area Fair Market Rents for 72437 are $790 (studio), $800 (1 BR), $960 (2 BR), $1,270 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 72437?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 72437 that range is $864 to $1,056 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 72437?

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.