FY2027 Small Area FMR · Wiseman, AR

ZIP 72587 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 72587 (Wiseman, AR) is $940 a month, up 6.8% from FY2026. That is 3% above the Izard County, AR area-wide FMR of $909.

2-bedroom SAFMR$940per month ▲ 6.8%

Area-wide 2 BR FMR$909Izard County, AR

Rank in the area4thof 20 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$670▲ 6.3%

1 BR$780▲ 8.3%

2 BR$940▲ 6.8%

3 BR$1,290▲ 8.4%

4 BR$1,520▲ 4.8%

FY2027 FY2026

Where 72587 sits in the Izard County, AR area

Of the 20 ZIP codes HUD lists for the area, 72587 has the 4th highest two-bedroom Small Area FMR. Izard 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 $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	$670	$603 – $737	$646	$630
1 bedroom	$780	$702 – $858	$725	$720
2 bedrooms	$940	$846 – $1,034	$909	$880
3 bedrooms	$1,290	$1,161 – $1,419	$1,259	$1,190
4 bedrooms	$1,520	$1,368 – $1,672	$1,519	$1,450

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 $62,800 and the 80% low-income limit for four people is $56,900. ZIP code 72587 lies mainly in Izard County. See the Izard County, AR county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
72512	Horseshoe Bend	3.9 mi	$990
72565	Oxford	5.4 mi	$910
72584	Violet Hill	6.0 mi	$910
72536	Franklin	6.2 mi	$960
72576	Salem	8.8 mi	$910
72513	Ash Flat	8.8 mi	$990

Questions

What is the Fair Market Rent for ZIP code 72587?

HUD's FY2027 Small Area Fair Market Rents for 72587 are $670 (studio), $780 (1 BR), $940 (2 BR), $1,290 (3 BR) and $1,520 (4 BR) a month.

What is the Section 8 payment standard in 72587?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 72587 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 72587?

The FY2026 income limits of the Izard County, AR area apply: median family income $62,800, low-income (80%) limit $56,900 for a family of four.