HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Phillips County, Arkansas (FY 2027)
A two-bedroom in Phillips County carries a FY 2027 Fair Market Rent of $909 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Phillips keys off that figure.
Two-bedroom FMR
$909
+3.3% from FY 2026
Payment standard
$818–$1,000
90% to 110% of the FMR, two-bedroom
Income to afford
$36,360
a year, with rent at 30% of income
Rank in Arkansas
63rd of 75
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $646 | $581–$711 | $25,840 | $12.42/hr | +2.5% |
| 1 bedroom | $695 | $626–$765 | $27,800 | $13.37/hr | +3.6% |
| 2 bedroom | $909 | $818–$1,000 | $36,360 | $17.48/hr | +3.3% |
| 3 bedroom | $1,259 | $1,133–$1,385 | $50,360 | $24.21/hr | +2.9% |
| 4 bedroom | $1,367 | $1,230–$1,504 | $54,680 | $26.29/hr | -2.8% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,572 | $1,415–$1,729 |
| 6 bedroom Estimate | $1,777 | $1,599–$1,955 |
| 7 bedroom Estimate | $1,982 | $1,784–$2,180 |
| 8 bedroom Estimate | $2,187 | $1,968–$2,406 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Phillips actually rent for?
Search any address in Phillips for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Phillips somewhere between $818 and $1,000. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$909 a month is affordable, by HUD's 30% rule, on an income of roughly $36,360 a year. Put another way, $17 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$818 | Voucher pays at 100%$909 | Voucher pays at 110%$1,000 |
|---|---|---|---|---|
| $2,500 | $750 | $68 | $159 | $250 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 3% from FY 2026 ($880) to FY 2027 ($909). Since FY 2020 it's up 44% in total, about 5.4% a year. The Arkansas median moved up 3% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $433 | $478 | $630 | $898 | $1,106 | — |
| FY 2021 | $431 | $496 | $654 | $936 | $1,132 | +3.8% |
| FY 2022 | $432 | $493 | $649 | $920 | $1,111 | -0.8% |
| FY 2023 | $539 | $554 | $720 | $1,023 | $1,226 | +10.9% |
| FY 2024 | $604 | $622 | $814 | $1,147 | $1,381 | +13.1% |
| FY 2025 | $618 | $646 | $848 | $1,188 | $1,398 | +4.2% |
| FY 2026 | $630 | $671 | $880 | $1,224 | $1,407 | +3.8% |
| FY 2027In effect | $646 | $695 | $909 | $1,259 | $1,367 | +3.3% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Phillips, that runs from $646 for a studio up to $1,367 for four bedrooms, all five rates in the table above.
Because Phillips sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Barton included.
Among Arkansas's 75 counties, Phillips ranks 63rd for two-bedroom FMR. That's within a couple percent of the state median of $909 and about 14% below the national median county at $1,063. About 15,450 people live here, 50th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $910 in 72312 (Barton) and $1,070 in 72355 (Lexa), with the 13 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 72312 | Barton | $910 | +0.1% |
| 72328 | Crumrod | $910 | +0.1% |
| 72333 | Elaine | $910 | +0.1% |
| 72342 | Helena | $950 | +4.5% |
| 72353 | Lambrook | $910 | +0.1% |
| 72355 | Lexa | $1,070 | +17.7% |
| 72366 | Marvell | $910 | +0.1% |
| 72367 | Mellwood | $910 | +0.1% |
| 72369 | Oneida | $910 | +0.1% |
| 72374 | Poplar Grove | $980 | +7.8% |
| 72383 | Turner | $1,010 | +11.1% |
| 72389 | Wabash | $950 | +4.5% |
| 72390 | West Helena | $910 | +0.1% |
Nearby counties
Two-bedroom FMR, with how each compares to Phillips.
Lee County
26 mi · 8,359 people
$909
same rate
Monroe County
28 mi · 6,589 people
$909
same rate
Arkansas County
29 mi · 16,515 people
$942
+4%
St. Francis County
40 mi · 22,400 people
$944
+4%
Prairie County
47 mi · 8,064 people
$909
same rate
Desha County
51 mi · 10,786 people
$909
same rate
Woodruff County
56 mi · 6,026 people
$909
same rate
Lincoln County
57 mi · 12,950 people
$909
same rate
Questions people ask
$909 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $646 for a studio, $695 for one bedroom, $1,259 for three and $1,367 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Phillips actually go for?
HUD's number is one input. Search any address in Phillips for a rent estimate built from nearby comps. Free to start, no card.
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