What is the Fair Market Rent for a 2-bedroom in Franklin County, AR HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Franklin County, AR HUD Metro FMR Area is $848 per month for fiscal year 2025. The studio FMR is $642, 1-bedroom is $646, 3-bedroom is $1,060, and 4-bedroom is $1,424.

What income do you need to afford the FMR in Franklin County, AR HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $33,920 per year ($2,827 per month) to afford the FY2025 2-bedroom Fair Market Rent of $848 in Franklin County, AR HUD Metro FMR Area.

FY2025 Fair Market Rents — Franklin County, AR HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2025 in this area are:

Studio

$642

1BR

$646

2BR

$848

3BR

$1,060

4BR

$1,424

Hours/week at min wage

60 hrs

to afford the 2BR FMR @ $11.00/hr (AR)

National rank

#620

of 639 U.S. metros (top 98% most expensive)

YoY change (2BR)

+4.2%

+$34 vs FY2024

Voucher payment standard

$763–$933

PHAs set HCV payment at 90–110% of the 2BR FMR

Franklin County, AR HUD Metro FMR Area

Metropolitan area · AR · View full history · Income limits · LIHTC rents

FY2025 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$642	$7,704
1-Bedroom	$646	$7,752
2-Bedroom	$848	$10,176
3-Bedroom	$1,060	$12,720
4-Bedroom	$1,424	$17,088

Recent 2-Bedroom FMR Trend

FY2022 $649 → FY2025 $848

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2025	$642	$646	$848	$1,060	$1,424
FY2024	$638	$642	$814	$1,007	$1,381
FY2023	$581	$588	$720	$887	$1,226
FY2022	$505	$547	$649	$806	$1,015

View full FMR history back to FY2000 →

FY2024 Income Limits

Area Median Income (AMI): $71,600

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$15,060	$20,440	$25,820	$31,200	$36,580	$40,600
50% AMI (Very Low)	$24,500	$28,000	$31,500	$35,000	$37,800	$40,600
80% AMI (Low)	$39,200	$44,800	$50,400	$56,000	$60,500	$65,000

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$10,176/yr

FMR as % of Area Median Income

14.2% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$33,920/yr

$2,827/mo gross income

FY2024 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$626	$716	$805	$966	$1,038
60% AMI Maximum	$751	$859	$966	$1,159	$1,245

FY2024 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$638	$642	$814	$1,007	$1,163
Low HOME Rent	$612	$700	$787	$875	$945

Compare Franklin County, AR HUD Metro FMR Area With Other AR Metros

vs. Fayetteville-Springdale-Rogers, AR HUD Metro FMR Area vs. Fort Smith, AR-OK HUD Metro FMR Area vs. Grant County, AR HUD Metro FMR Area vs. Hot Springs, AR MSA vs. Jonesboro, AR HUD Metro FMR Area