Location: Prairie County, AR | Metro: Prairie County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
The ZIP code 72017 stands out due to its small population size of only 203 residents, making it one of the least populated areas under analysis. With 22.2% of its residents renting, it indicates a limited rental market. The median income in ZIP 72017 is $91,731, which is relatively high considering the area's small size. However, the lack of data on the median home value suggests that there might be an insufficient sample size or variability in property values.
Moving onto the voucher economics, the Fair Market Rent (FMR) for the metro area covering fiscal year 2026 is set at $880. This figure represents the amount that the federal government deems sufficient for a household to afford decent housing without paying more than 30% of their adjusted income. Unfortunately, the specific market rent for ZIP 72017 is not available, which could indicate a sparse rental market or limited data. The absence of market rent data also means that we cannot directly compare the FMR to local market conditions, which is crucial for understanding the financial dynamics of Section 8 participation in this area.
Given the data signature, ZIP 72017 can be characterized as "stable." Despite the limited population and rental market, the presence of a high median income suggests a consistent economic environment. Landlords and small-portfolio investors should consider the potential for limited competition in the rental market but also be aware of the challenges associated with a small and possibly niche market. The stability of the area is further underscored by the lack of significant fluctuations in the provided data points, although the absence of some key metrics, such as median home value and market rent, introduces elements of uncertainty.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.