Arkansas · FIPS 05107 · HUD FY 2027
Phillips County, Arkansas Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Phillips County is $909 a month (rent plus utilities), 14% below the Arkansas average of $1,061 and 48% below the U.S. average of $1,761. That is up $29 (3.3%) from FY 2026. At 30% of income, a household needs about $36,360 a year to afford it.
- $9092-bedroom FMR+$29 (+3.3%) vs FY 2026
- $6951-bedroom FMRArkansas: $873 · U.S.: $1,478
- $36,360Income for a 2-bedroom$17/hour full-time
- 33 of 752BR rank in Arkansas1 = highest rent
| Unit | Phillips County FY 2027 | FY 2026 | Change | Arkansas avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $646 | $630 | +$16 (+2.5%) | $818 | $1,379 | $25,840 |
| 1 bedroom | $695 | $671 | +$24 (+3.6%) | $873 | $1,478 | $27,800 |
| 2 bedrooms | $909 | $880 | +$29 (+3.3%) | $1,061 | $1,761 | $36,360 |
| 3 bedrooms | $1,259 | $1,224 | +$35 (+2.9%) | $1,414 | $2,266 | $50,360 |
| 4 bedrooms | $1,367 | $1,407 | −$40 (−2.8%) | $1,639 | $2,607 | $54,680 |
How Phillips County compares
- Phillips County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Arkansas, 2-bedroom FMRs run from $909 (Yell County) to $1,301 (Crittenden County).
- Studio to 4-bedroom: $646, $695, $909, $1,259, $1,367. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 11 ZIP codes mostly in Phillips County (by land area), the 2-bedroom figure ranges from $910 to $1,070.
Small Area FMRs by ZIP code in Phillips County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 72333 | $650 | $690 | $910 | $1,260 | $1,370 | +$30 (+3.4%) | about the same as |
| 72342 | $680 | $730 | $950 | $1,320 | $1,430 | −$20 (−2.1%) | 5% above |
| 72353 | $650 | $700 | $910 | $1,260 | $1,370 | +$30 (+3.4%) | about the same as |
| 72355 | $760 | $820 | $1,070 | $1,480 | $1,620 | +$120 (+12.6%) | 18% above |
| 72366 | $650 | $690 | $910 | $1,260 | $1,370 | +$30 (+3.4%) | about the same as |
| 72367 | $650 | $700 | $910 | $1,260 | $1,370 | +$30 (+3.4%) | about the same as |
| 72369 | $650 | $700 | $910 | $1,260 | $1,370 | +$30 (+3.4%) | about the same as |
| 72374 | $700 | $750 | $980 | $1,360 | $1,500 | +$70 (+7.7%) | 8% above |
| 72383 | $720 | $770 | $1,010 | $1,300 | $1,470 | +$50 (+5.2%) | 11% above |
| 72389 | $680 | $720 | $950 | $1,310 | $1,430 | +$40 (+4.4%) | 5% above |
| 72390 | $650 | $690 | $910 | $1,260 | $1,370 | +$30 (+3.4%) | about the same as |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.