Location: Phillips County, AR | Metro: Monroe County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The ZIP code 72069 presents a dynamic rental market that is currently under significant scrutiny due to its unique characteristics. With a Fair Market Rent (FMR) set at $1,060 for fiscal year 2026, the area reflects a level of affordability that contrasts sharply with the actual market rent, which stands at $513 according to Census ACS data. This disparity suggests a market where demand is robust but supply remains abundant, keeping the rental prices lower than what might be expected given the FMR.
The 29.0% renter share indicates a substantial portion of the population opts for renting rather than homeownership. While this figure alone does not provide a complete picture of housing pressure, it points towards a demographic preference for flexibility and mobility, traits often associated with younger populations or those who are financially cautious. In such a scenario, landlords and small-portfolio investors should anticipate a steady demand for rental properties, especially if they offer amenities and features that cater to these preferences.
However, the lack of data on price-cut share, days on market (DOM), and median home value means we cannot fully assess the competitive landscape or the potential for long-term appreciation in property values. Investors should remain vigilant and conduct thorough local market research to understand the nuances of the ZIP's housing dynamics, including any trends that could affect the balance between supply and demand.
In summary, ZIP 72069 appears to be a market characterized by strong demand for rental properties at a price point significantly below the FMR. The high renter share suggests ongoing pressure on the rental market, which could benefit investors looking to capitalize on steady rental income. However, the absence of certain metrics necessitates further investigation to fully gauge the investment potential and risks involved.
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.