Location: Pope County, AR | Metro: Conway County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $630 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 72063 presents a unique snapshot of the rental market, revealing insights into the dynamics between supply and demand. With the Fair Market Rent (FMR) set at $880 for the fiscal year 2026, it's evident that this figure is established by HUD to reflect the rental market conditions accurately. However, the absence of current market rent data suggests a lack of recent activity or reporting, which could indicate either a stable market or one that is less frequently updated.
The missing percentage of price-cut share and days on market (DOM) further obscure the immediate supply-demand relationship, but we can infer that without significant fluctuations or prolonged listings, the market may be balanced or slightly favoring demand. This inference is supported by the median home value being listed as N/A, which might suggest a focus on rentals over sales in the area, or a lack of comprehensive data on home values.
A key metric in understanding the long-term housing pressure is the 4.7% renter share. While this percentage is relatively low, it indicates that the majority of residents in ZIP 72063 prefer homeownership. This preference can lead to sustained demand for rental properties as the limited number of renters compete for available units, creating a scenario where rental properties may see higher occupancy rates and potentially steady rents. The low renter share also implies that any increase in the rental population could significantly impact the market, driving up demand and possibly rents if supply remains constant.
In summary, ZIP 72063 appears to be a market where homeownership is favored, yet the rental segment maintains its relevance due to the steady demand for affordable housing. The dynamics suggest a potential for upward pressure on rents should the rental population grow, making it an area worth monitoring for both landlords and small-portfolio investors.
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.