Location: Woodruff County, AR | Metro: Woodruff County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The ZIP code 72074 stands out due to its unique demographic profile. With only 100 residents, it is among the smallest ZIP codes in terms of population size. The rental rate of 14.8% indicates that a significant portion of the population opts for renting over homeownership, which is noteworthy given the limited number of residents. However, the absence of median income and median home value data suggests that there might be insufficient data points to accurately represent these metrics, possibly due to the small sample size.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metro area including ZIP 72074 is set at $900 for fiscal year 2026. This figure represents the maximum amount that a landlord can receive through the Section 8 program for renting a unit. Despite this clear FMR, the lack of specific market rent data for ZIP 72074 makes it difficult to assess the exact economic impact of the Section 8 program in this area. It is essential for landlords and small-portfolio investors to consider the $900 FMR when evaluating the potential returns from renting properties under the Section 8 program.
Given the limited data available and the small population size, the overall data signature for ZIP 72074 reads as transitional. The scarcity of residents and the incomplete data points suggest that the area may be undergoing changes or has a fluctuating population, making long-term predictions challenging. Landlords and investors should approach this ZIP code with caution, keeping an eye on future updates to the median income and home value data, which could provide clearer insights into the stability of the housing market here.
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.