Location: Monroe County, AR | Metro: Monroe County, AR
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
The market in ZIP code 72108 presents a dynamic scenario that reflects current housing pressures and landlord opportunities. With the Fair Market Rent (FMR) set at $890 for fiscal year 2026, this figure serves as a benchmark for rental pricing in the area, indicating the government's assessment of what constitutes a reasonable rent for a standard unit.
The lack of data on market rent, days on market (DOM), and median home value suggests a less liquid market, potentially due to fewer transactions or listings. This absence of liquidity can imply either a stable market with consistent occupancy or an underserved market where more properties could attract renters.
Given the FMR without corresponding market rent data, it is inferred that the demand for rental units may be high, as landlords might be setting rents above the FMR to capitalize on the limited supply. However, this inference is speculative without direct market rent data. The unknown percentage of price-cut share further complicates the picture but aligns with the idea of a competitive rental environment where landlords may need to adjust their prices to secure tenants.
The unspecified percentage of renter share in the population provides insight into the potential for long-term housing pressure. A higher renter share typically indicates greater demand for rental properties, which can translate into sustained interest from small-portfolio investors looking to capitalize on steady rental income. Conversely, a lower renter share might suggest a more owner-occupied community, which could still offer opportunities for landlords but with different market dynamics.
In summary, ZIP 72108 appears to be a market in motion, characterized by government-set benchmarks and an implied competition for rental units. Landlords and small-portfolio investors should consider these factors when evaluating the potential returns and challenges associated with the area. The dynamics of supply and demand, while not fully quantified here, point towards a market where strategic positioning can lead to success.
Data Sources: FMR data from HUD (2027).
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.