FY2027 Small Area FMR · Hartford, AR

ZIP 72938 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 72938 (Hartford, AR) is $970 a month, up 3.2% from FY2026. That is 1% below the Fort Smith, AR-OK area-wide FMR of $979.

2-bedroom SAFMR$970per month ▲ 3.2%

Area-wide 2 BR FMR$979Fort Smith, AR-OK

Rank in the area22ndof 44 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$873

2 BR Small Area FMR$970

110% of SAFMR$1,067

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

Studio$730▲ 7.4%

1 BR$740▲ 4.2%

2 BR$970▲ 3.2%

3 BR$1,310▲ 3.1%

4 BR$1,610▲ 5.2%

FY2027 FY2026

Where 72938 sits in the Fort Smith, AR-OK area

Of the 44 ZIP codes HUD lists for the area, 72938 has the 22nd highest two-bedroom Small Area FMR. Fort Smith, AR-OK 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 $979 for two bedrooms; an agency that opts in to Small Area FMRs would use $970 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	$730	$657 – $803	$741	$680
1 bedroom	$740	$666 – $814	$748	$710
2 bedrooms	$970	$873 – $1,067	$979	$940
3 bedrooms	$1,310	$1,179 – $1,441	$1,324	$1,270
4 bedrooms	$1,610	$1,449 – $1,771	$1,625	$1,530

A household renting a two-bedroom home at the Small Area FMR of $970 needs about $38,800 a year to keep housing costs at 30% of income. The area median family income is $76,800 and the 80% low-income limit for four people is $61,450. ZIP code 72938 lies mainly in Sebastian County. See the Fort Smith, AR-OK metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
72945	Midland	6.0 mi	$1,150
74947	Monroe	7.8 mi	$920
72944	Mansfield	8.2 mi	$920
72937	Hackett	9.1 mi	$920
72940	Huntington	10.5 mi	$920
74932	Cameron	13.2 mi	$920

Questions

What is the Fair Market Rent for ZIP code 72938?

HUD's FY2027 Small Area Fair Market Rents for 72938 are $730 (studio), $740 (1 BR), $970 (2 BR), $1,310 (3 BR) and $1,610 (4 BR) a month.

What is the Section 8 payment standard in 72938?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 72938 that range is $873 to $1,067 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 72938?

The FY2026 income limits of the Fort Smith, AR-OK area apply: median family income $76,800, low-income (80%) limit $61,450 for a family of four.