Location: White County, AR | Metro: White County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
U.S. Census Bureau data (2024)
A skeptical investor might question whether the Fair Market Rent (FMR) of $880 for ZIP 72068 can sufficiently cover the mortgage on a home. Unfortunately, the median home value for this ZIP code is currently not available, making it difficult to estimate an average monthly mortgage payment. However, investors should consider that the FMR is based on comprehensive analysis and reflects the typical rent levels in the area.
The rental market demand stands at 42.2%. This percentage indicates that nearly half of the housing units in ZIP 72068 are rented, suggesting a decent level of demand. According to recent listings, there are 361 rental properties available in the area, which includes apartments and other types of housing. While this number does not provide a complete picture of the overall demand, it does suggest that there is a reasonable amount of rental activity.
Regarding the use of vouchers, the FMR of $880 is higher than the current market rent of $769. This means that voucher holders could potentially have more purchasing power when looking for a place to live. However, the data does not specify the voucher utilization rate in ZIP 72068. To ensure that vouchers will keep pace with market rents, investors should monitor local housing authority announcements and federal funding updates for the Housing Choice Voucher program.
In conclusion, while some aspects of the data are incomplete, such as the median home value and the exact voucher utilization rate, the existing information suggests that the rental market in ZIP 72068 is viable for investors. The FMR is set above the current market rent, indicating that it is designed to accommodate fluctuations in housing costs. Additionally, the demand at 42.2% shows that there is a significant portion of the population renting, which is a positive sign for those considering investment in this area.
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.