Location: Jefferson County, AR | Metro: Arkansas County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 72073 stands out due to its unique data profile. With a population of 826 residents, it has a relatively low rental rate at 22.2%, indicating that most of its inhabitants own their homes. The median income here is $48,750, which is modest compared to the median home value of $105,300. This suggests that homeownership is more affordable than in many other areas, but rental options might be limited.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 72073 in fiscal year 2024 is set at $960. This figure is notably higher than the Census-reported market rent of $788. For landlords and small-portfolio investors, this means that Section 8 vouchers can potentially cover a larger portion of the actual market rent, making it an attractive option for those who accept them.
Given the data, ZIP 72073 appears to be a stable area. Its modest income levels paired with a reasonable median home value indicate a community where housing is accessible to a broad range of residents. However, the gap between the FMR and the market rent also signals an opportunity for landlords who might find the higher voucher amounts beneficial in maintaining their rental properties.
To summarize, ZIP 72073 offers a mix of affordability and stability, with Section 8 vouchers providing a financial buffer for landlords. This ZIP code's characteristics suggest it is well-suited for investors looking for a balance between manageable property values and the security of government-backed rental support.
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.