Location: Jefferson County, AR | Metro: Grant County, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 72079 presents a unique set of conditions that will likely influence pricing power and investment strategies over the next 12-24 months. With the median home value currently unreported, it's crucial to look at other indicators such as the percentage of listings that have been reduced and the median days on market (DOM).
The fact that a significant portion of listings in ZIP 72079 have been reduced suggests a seller's market is not in effect. This indicates that buyers have some leverage in negotiating prices, as there is a willingness among sellers to lower their asking prices to attract potential buyers. A high percentage of reduced listings typically signals a period where home values might stabilize or even decline slightly if the trend continues.
A median DOM of N/A days further supports this observation. Generally, a higher DOM can indicate a less active market, where homes are taking longer to sell. This could mean that the market is either oversupplied or that the current prices are not aligning with what buyers are willing to pay. In either case, it points towards a scenario where landlords and small-portfolio investors need to be cautious about setting rental rates and property purchase prices.
On the rental side, the Fair Market Rent (FMR) for ZIP 72079 is set at $1040 for the fiscal year 2024. This figure is critical for understanding the baseline rental income that Section 8 tenants can afford. However, without specific data on the current market rent, it's challenging to provide a direct comparison. Typically, if the FMR is significantly higher than the market rent, it could indicate an opportunity for landlords to increase rents, but this would depend on local market conditions and tenant demand.
For long-term hold investors, the lack of reported appreciation data means there is no clear indication of growth in property values. Without historical appreciation rates, it's difficult to predict future trends. However, the combination of reduced listings and potentially longer DOM periods suggests that appreciation might be modest in the near term. Investors should focus on stable rental income rather than capital appreciation as the primary driver of returns.
In summary, the current setup in ZIP 72079 implies a market where pricing power is balanced between buyers and sellers, with a slight lean towards buyers due to reduced listings and longer DOM periods. Rental income remains stable with the FMR providing a solid benchmark, but appreciation is unlikely to be a significant factor for long-term investments.
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.