Location: Hot Spring County, AR | Metro: Grant County, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 72084 is poised to reflect a nuanced balance between pricing power and rental dynamics over the next 12-24 months. With a median home value of $132,052, there's a clear indication that the area remains affordable for many potential homeowners. However, the lack of percentage data on listings being reduced suggests that the market is stable but not experiencing significant downward pressure on prices. This stability, combined with the non-provided median days on market (DOM), implies that homes are likely selling at or near their asking prices without extended periods of listing.
On the rental side, the Federal Market Rent (FMR) for ZIP 72084 is set at $870 for fiscal year 2024, while the current market rent stands at $775 according to Census ACS data. This gap indicates that landlords have room to increase rents to align with government benchmarks, potentially enhancing cash flow for long-term investors. The anticipated alignment with FMRs signals a gradual upward trend in rental income, which can be beneficial for those holding properties for longer periods.
For long-hold investors, the setup in ZIP 72084 suggests a realistic appreciation thesis. Given the current median home value and the stable pricing environment, appreciation is likely to follow broader economic trends and local development patterns. Investors should expect modest growth, influenced by factors such as population changes, job creation, and infrastructure improvements. The affordability of the median home value also positions ZIP 72084 as an attractive market for first-time buyers and families, which can sustain demand and support property values over time.
In summary, the combination of an affordable median home value, stable pricing conditions, and a positive gap between current market rents and FMRs points towards a favorable investment climate in ZIP 72084. Landlords and small-portfolio investors can anticipate steady performance from their investments, driven by both rental income growth and moderate property value appreciation.
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.